Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$83.69 Consensus Price Target from Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$83.69.

A number of analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on Alimentation Couche-Tard from C$84.00 to C$81.00 and set a “buy” rating for the company in a report on Friday, June 27th. JPMorgan Chase & Co. decreased their price objective on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an “outperform” rating for the company in a report on Tuesday, June 10th. Scotiabank decreased their price objective on Alimentation Couche-Tard from C$80.00 to C$78.00 and set an “outperform” rating for the company in a report on Friday, June 27th. Desjardins decreased their price objective on Alimentation Couche-Tard from C$82.00 to C$80.00 and set a “buy” rating for the company in a report on Friday, June 27th. Finally, National Bankshares decreased their price objective on Alimentation Couche-Tard from C$86.00 to C$81.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th.

Alimentation Couche-Tard Stock Down 1.2%

Shares of ATD opened at C$68.10 on Friday. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53. The company has a market cap of C$45.25 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.35 and a beta of 0.89. 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 firm has a 50 day simple moving average of C$70.32 and a two-hundred day simple moving average of C$71.91.

Alimentation Couche-Tard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 21st will be given a $0.195 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.78 annualized dividend and a yield of 1.15%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 18.26%.

About Alimentation Couche-Tard

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.