Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$86.75 Average Target Price from Analysts

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$86.75.

A number of analysts recently commented on ATD shares. Jefferies Financial Group raised their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Wednesday, November 26th. Desjardins set a C$85.00 price target on Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Friday, December 19th. Stifel Nicolaus lifted their price objective on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. National Bankshares increased their target price on Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, Scotiabank lifted their price target on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD opened at C$73.94 on Thursday. The company has a market capitalization of C$68.45 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 1.35 and a beta of 0.32. The firm’s 50 day simple moving average is C$74.11 and its 200 day simple moving average is C$72.80. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$80.96.

Alimentation Couche-Tard Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.215 per share. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, December 3rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. Alimentation Couche-Tard’s dividend payout ratio is currently 20.29%.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.