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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have been assigned a consensus recommendation of "Buy" from the twelve brokerages that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$86.33.

Several research analysts recently commented on the stock. Veritas raised shares of Alimentation Couche-Tard to a "strong-buy" rating in a report on Thursday, March 20th. BMO Capital Markets cut their price target on Alimentation Couche-Tard from C$85.00 to C$82.00 in a report on Thursday, March 20th. CIBC decreased their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating on the stock in a research note on Thursday, March 20th. Canaccord Genuity Group dropped their price objective on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Scotiabank decreased their price target on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an "outperform" rating on the stock in a research report on Thursday, March 20th.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD traded up C$1.75 during trading on Tuesday, reaching C$71.43. 1,029,340 shares of the stock traded hands, compared to its average volume of 1,310,717. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market capitalization of C$47.46 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$85.53. The company has a 50-day moving average of C$70.67 and a 200-day moving average of C$74.69.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, March 27th. Alimentation Couche-Tard's payout ratio is 18.26%.

Alimentation Couche-Tard Company Profile

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.