Alimentation Couche-Tard Inc. (TSE:ATD) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received a consensus recommendation of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$88.83.

Several analysts have issued reports on ATD shares. CIBC lifted their price target on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday, November 27th. Scotiabank set a C$91.00 price target on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research 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. BMO Capital Markets raised their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group boosted their price target on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th.

Alimentation Couche-Tard Stock Down 1.3 %

Shares of ATD stock opened at C$75.79 on Friday. The company has a market capitalization of C$71.85 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The firm has a fifty day moving average of C$79.09 and a 200-day moving average of C$78.11. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.03%. Alimentation Couche-Tard’s payout ratio is presently 18.09%.

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.