Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have earned a consensus rating of "Buy" from the eleven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$88.83.
A number of research analysts have recently weighed in on the company. Desjardins lifted their price target on Alimentation Couche-Tard from C$84.00 to C$85.00 in a report on Wednesday, November 27th. CIBC lifted their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday, November 27th. National Bank Financial upgraded Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. 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. Finally, Canaccord Genuity Group upped their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th.
Read Our Latest Stock Analysis on Alimentation Couche-Tard
Alimentation Couche-Tard Trading Up 0.7 %
TSE ATD traded up C$0.50 on Friday, hitting C$76.78. 859,369 shares of the company were exchanged, compared to its average volume of 1,051,462. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27. The firm has a market capitalization of C$72.79 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company's 50 day moving average price is C$79.28 and its 200-day moving average price is C$78.16.
Alimentation Couche-Tard Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 1.02%. 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 dividend payout ratio is currently 18.09%.
About Alimentation Couche-Tard
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Get Free ReportAlimentation 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.
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