Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) PT at C$83.92

Key Points

• Alimentation Couche-Tard Inc. has received an average consensus rating of "Buy" from twelve brokerages, with a one-year target price averaging C$83.92.
• The company recently announced a quarterly dividend of $0.195, resulting in an annualized dividend yield of 1.1%.
• As of Thursday, shares opened at C$70.79, with a market capitalization of C$47.03 billion and a P/E ratio of 18.46.

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have been given a consensus rating of "Buy" by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$83.92.

ATD has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a research note on Friday, June 20th. BMO Capital Markets lowered their price target on Alimentation Couche-Tard from C$82.00 to C$76.00 in a research report on Friday, June 27th. Desjardins cut their price objective on Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating for the company in a report on Friday, June 27th. Scotiabank decreased their target price on shares of Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating for the company in a research note on Friday, June 27th. Finally, Stifel Nicolaus dropped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a research report on Friday, June 27th.

Alimentation Couche-Tard Stock Down 0.4%

ATD traded down C$0.27 during trading hours on Thursday, hitting C$69.99. 592,922 shares of the company's stock were exchanged, compared to its average volume of 1,396,335. The stock has a market cap of C$46.50 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$84.16. The stock's 50-day moving average is C$71.41 and its two-hundred day moving average is C$71.44. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 21st were paid a $0.195 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.78 dividend on an annualized basis and a yield of 1.1%. Alimentation Couche-Tard's dividend payout ratio is 18.26%.

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.