Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$88.83

Alimentation Couche-Tard Inc. (TSE:ATD) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$88.83.

ATD has been the subject of a number of analyst reports. Scotiabank set a C$91.00 price objective on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a report on Friday, December 20th. Desjardins lifted their price target on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday, November 27th. CIBC increased their price objective on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday, November 27th. Royal Bank of Canada dropped their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Finally, UBS Group set a C$97.00 price target on Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 13th.

Alimentation Couche-Tard Price Performance

Shares of ATD opened at C$80.14 on Wednesday. The business’s fifty day moving average is C$78.20 and its 200 day moving average is C$78.19. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The stock has a market cap of C$75.97 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, December 4th. Alimentation Couche-Tard’s payout ratio is presently 18.09%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.