Analysts Set Alimentation Couche-Tard Inc. (TSE:ATD) PT at C$88.58

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$88.50.

A number of equities research analysts have recently commented on ATD shares. Scotiabank set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Friday, December 20th. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Desjardins lowered their price target on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. BMO Capital Markets lowered their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Finally, UBS Group set a C$97.00 price target on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 13th.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD opened at C$71.59 on Thursday. The company has a market cap of C$47.57 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 12 month low of C$71.25 and a 12 month high of C$87.27. 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 company has a 50-day simple moving average of C$76.87 and a 200-day simple moving average of C$77.06.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.09%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, December 4th. 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.