Alimentation Couche-Tard Inc. (TSE:ATD) Receives Average Rating of "Moderate Buy" from Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$88.83.

Several analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. 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. BMO Capital Markets raised their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. UBS Group set a C$97.00 price target on shares of Alimentation Couche-Tard and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus raised their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th.

Alimentation Couche-Tard Stock Up 0.2 %

TSE ATD traded up C$0.16 during trading hours on Wednesday, hitting C$80.59. The company's stock had a trading volume of 313,239 shares, compared to its average volume of 1,477,033. The company has a market capitalization of C$76.40 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27. The company's 50-day simple moving average is C$77.79 and its two-hundred day simple moving average is C$78.15.

Alimentation Couche-Tard Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were given a $0.195 dividend. The ex-dividend date 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 annualized dividend and a yield of 0.97%. Alimentation Couche-Tard's payout ratio is 18.09%.

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.