Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has received an average recommendation of "Buy" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One investment 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 twelve-month price objective among brokers that have issued a report on the stock in the last year is C$88.83.
A number of research analysts recently commented on the company. National Bank Financial raised Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Scotiabank set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the stock an "outperform" rating in a report on Friday, December 20th. BMO Capital Markets lifted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Canaccord Genuity Group increased their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Finally, CIBC lifted their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th.
View Our Latest Stock Analysis on ATD
Alimentation Couche-Tard Price Performance
Shares of ATD stock traded up C$0.32 on Friday, hitting C$76.32. 860,284 shares of the stock traded hands, compared to its average volume of 990,120. 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 52 week low of C$71.31 and a 52 week high of C$87.27. The firm has a 50 day simple moving average of C$79.26 and a two-hundred day simple moving average of C$78.15. The firm has a market cap of C$72.35 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.35 and a beta of 0.89.
Alimentation Couche-Tard Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.195 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Alimentation Couche-Tard's previous quarterly dividend of $0.18. 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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