Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Target Price at C$84.58

Alimentation Couche-Tard Inc. (TSE:ATD) has been given an average rating of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$84.33.

A number of equities analysts have weighed in on the company. CIBC lowered 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. UBS Group lowered their price objective on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research note on Monday, March 17th. Scotiabank lowered their price objective on Alimentation Couche-Tard from C$83.00 to C$80.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Stifel Nicolaus lowered their price objective on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a research note on Thursday, May 22nd. Finally, BMO Capital Markets lowered their price objective on Alimentation Couche-Tard from C$85.00 to C$82.00 in a research note on Thursday, March 20th.

Alimentation Couche-Tard Stock Down 1.2%

Shares of ATD opened at C$70.03 on Wednesday. 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 has a one year low of C$65.95 and a one year high of C$85.53. The stock has a market capitalization of C$46.53 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.35 and a beta of 0.89. The stock has a 50 day moving average price of C$71.22 and a 200 day moving average price of C$73.38.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, March 27th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 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.