Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$88.58.
Several research firms recently weighed in on ATD. CIBC upped 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 note on Friday, December 20th. UBS Group set a C$97.00 price target on Alimentation Couche-Tard and gave the stock a "buy" rating in a research note on Friday, December 13th. Canaccord Genuity Group upped their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets lowered their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th.
Check Out Our Latest Research Report on ATD
Alimentation Couche-Tard Stock Down 1.6 %
Shares of Alimentation Couche-Tard stock traded down C$1.21 during midday trading on Thursday, hitting C$72.35. The company had a trading volume of 1,195,485 shares, compared to its average volume of 1,133,789. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market capitalization of C$48.07 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a 50 day moving average of C$77.44 and a 200 day moving average of C$77.35. Alimentation Couche-Tard has a 52-week low of C$71.31 and a 52-week high of C$87.27.
Alimentation Couche-Tard Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.08%. 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 presently 18.26%.
Alimentation Couche-Tard Company Profile
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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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