Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$91.17

Alimentation Couche-Tard Inc. (TSE:ATD) has earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$91.17.

Several brokerages have recently commented on ATD. Desjardins boosted their price target on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Canadian Imperial Bank of Commerce lifted their price objective on Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. National Bank Financial boosted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. TD Securities upped their target price on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Stifel Nicolaus raised their price target on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th.

Alimentation Couche-Tard Stock Down 0.8%

Shares of TSE ATD opened at C$83.70 on Monday. The stock has a market capitalization of C$77.49 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.35 and a beta of 0.28. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$85.59. The firm has a 50-day moving average price of C$76.88 and a 200 day moving average price of C$73.86. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Increases Dividend

The firm 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 an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, December 3rd. This represents a $0.86 annualized dividend and a yield of 1.0%. Alimentation Couche-Tard’s payout ratio is 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.