Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$86.33 Consensus Target Price from Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD) has been given an average rating of “Buy” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$86.33.

Several research analysts recently weighed in on the company. TD Securities dropped their target price on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Desjardins dropped their price target on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Finally, Canaccord Genuity Group decreased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a report on Thursday, February 27th.

Alimentation Couche-Tard Price Performance

TSE ATD opened at C$70.16 on Friday. The firm’s fifty day simple moving average is C$71.93 and its two-hundred day simple moving average is C$75.24. The firm has a market capitalization of C$46.62 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$85.53.

Alimentation Couche-Tard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, March 27th. Alimentation Couche-Tard’s payout ratio is 18.26%.

About Alimentation Couche-Tard

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.