Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Target Price at C$86.75

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$86.75.

A number of research firms recently issued reports on ATD. Desjardins set a C$85.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Securities boosted their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Stifel Nicolaus increased their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Jefferies Financial Group lifted their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Wednesday, November 26th. Finally, National Bankshares upped their price target on shares of Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD opened at C$74.80 on Friday. The business has a 50-day moving average of C$72.83 and a two-hundred day moving average of C$72.21. The firm has a market capitalization of C$69.25 billion, a PE ratio of 27.20, a P/E/G ratio of 1.35 and a beta of 0.32. 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 12 month low of C$65.95 and a 12 month high of C$80.96.

Alimentation Couche-Tard Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 17th were given a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 20.29%.

Alimentation Couche-Tard Company Profile

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.