Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$85.31 Average PT from Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD) has earned a consensus recommendation of “Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$85.31.

Several research analysts recently weighed in on ATD shares. Scotiabank raised their target price on Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Royal Bank Of Canada decreased their price target on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a research report on Wednesday, September 3rd. The Goldman Sachs Group upgraded Alimentation Couche-Tard to a “hold” rating in a research report on Friday, September 12th. Jefferies Financial Group decreased their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a “buy” rating for the company in a research report on Friday, June 27th. Finally, BMO Capital Markets increased their price target on Alimentation Couche-Tard from C$75.00 to C$78.00 in a research report on Thursday, September 4th.

Alimentation Couche-Tard Price Performance

Shares of ATD opened at C$72.80 on Tuesday. The stock’s fifty day moving average is C$72.60 and its 200-day moving average is C$71.51. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$83.73. The firm has a market capitalization of C$68.48 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.35 and a beta of 0.37. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were given a $0.195 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 20.27%.

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.