Analysts Set Alimentation Couche-Tard Inc. (TSE:ATD) PT at C$84.58

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average rating of “Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$84.33.

A number of brokerages recently commented on ATD. CIBC decreased their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. reduced their price objective on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an “outperform” rating for the company in a report on Tuesday, June 10th. Stifel Nicolaus reduced their price objective on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. UBS Group reduced their price objective on Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. Finally, Veritas raised Alimentation Couche-Tard to a “strong-buy” rating in a report on Thursday, March 20th.

Alimentation Couche-Tard Stock Performance

Shares of ATD opened at C$70.03 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The company has a market capitalization of C$46.53 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.35 and a beta of 0.89. The stock has a 50 day moving average of C$71.22 and a 200 day moving average of C$73.25. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53.

Alimentation Couche-Tard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, March 27th. Alimentation Couche-Tard’s payout ratio is currently 18.26%.

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.