Analysts Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$83.92

Key Points

• Alimentation Couche-Tard Inc. has received a consensus recommendation of "Buy" from thirteen research firms, with ten analysts rating it as a buy and two as a strong buy.
• The average 1-year price target for the company's shares is set at C$83.92, indicating potential upside for investors.
• The company recently announced a quarterly dividend of $0.195, providing an annual yield of 1.1% and maintaining a dividend payout ratio of 19.66%.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has received an average recommendation of "Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$83.69.

ATD has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Scotiabank reduced their target price on shares of Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating on the stock in a report on Friday, June 27th. Canaccord Genuity Group reduced their target price on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a report on Friday, June 20th. Desjardins reduced their target price on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Finally, Jefferies Financial Group dropped their price target on shares of 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.

Alimentation Couche-Tard Trading Up 1.1%

ATD traded up C$0.79 during trading on Monday, reaching C$74.37. 1,041,162 shares of the company's stock were exchanged, compared to its average volume of 1,392,596. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$83.73. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The stock has a market capitalization of C$70.51 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.35 and a beta of 0.39. The firm has a fifty day moving average price of C$70.62 and a two-hundred day moving average price of C$70.77.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 21st were given a $0.195 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.0%. Alimentation Couche-Tard's payout ratio is 19.66%.

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.