Analysts Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$85.31

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have earned an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$85.31.

ATD has been the subject of a number of recent analyst reports. National Bankshares increased their price target on Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Desjardins decreased their price target on Alimentation Couche-Tard from C$82.00 to C$80.00 and set a “buy” rating for the company in a report on Friday, June 27th. Royal Bank Of Canada decreased their price target on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a report on Wednesday, September 3rd. Jefferies Financial Group decreased their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a “buy” rating for the company in a report on Friday, June 27th. Finally, The Goldman Sachs Group raised Alimentation Couche-Tard to a “hold” rating in a research report on Friday, September 12th.

Alimentation Couche-Tard Stock Down 0.5%

Shares of TSE:ATD opened at C$74.28 on Friday. The firm has a market cap of C$69.87 billion, a P/E ratio of 27.51, a P/E/G ratio of 1.35 and a beta of 0.34. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73. The business has a fifty day simple moving average of C$71.89 and a 200 day simple moving average of C$71.18.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 11th. Alimentation Couche-Tard’s payout ratio is presently 20.27%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.