Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$83.92 Consensus Price Target from Brokerages

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 research firms that are presently covering the company, Marketbeat.com 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 target price among analysts that have covered the stock in the last year is C$83.92.

Several equities research analysts recently commented on the stock. TD Securities lifted their price target on shares of Alimentation Couche-Tard from C$82.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus cut their target price on 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. JPMorgan Chase & Co. decreased their target price on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating for the company in a research report on Tuesday, June 10th. Jefferies Financial Group cut their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. Finally, National Bankshares decreased their price objective on Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th.

Alimentation Couche-Tard Stock Down 0.4%

ATD traded down C$0.27 on Thursday, reaching C$69.99. The company's stock had a trading volume of 592,922 shares, compared to its average volume of 1,396,335. 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 has a fifty-two week low of C$65.95 and a fifty-two week high of C$84.16. The stock has a 50 day moving average of C$71.35 and a two-hundred day moving average of C$71.37. The company has a market capitalization of C$46.50 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Announces Dividend

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

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.