Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$88.83.
A number of research analysts have weighed in on ATD shares. UBS Group set a C$97.00 target price on Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 13th. National Bankshares raised their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. CIBC boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. BMO Capital Markets increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday, September 6th.
Check Out Our Latest Analysis on ATD
Alimentation Couche-Tard Price Performance
Alimentation Couche-Tard Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.78 annualized dividend and a dividend yield of 0.98%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 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.
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