Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) PT at C$86.75

Alimentation Couche-Tard Inc. (TSE:ATD) has received an average recommendation of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$86.75.

Several research firms recently commented on ATD. Royal Bank Of Canada cut their target price on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a research note on Wednesday, September 3rd. TD Securities upped their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. National Bankshares increased their target price on shares of Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. CIBC boosted their price target on Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Finally, Stifel Nicolaus upped their price target on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a report on Wednesday, November 26th.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD opened at C$72.24 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The business’s 50 day moving average is C$72.36 and its two-hundred day moving average is C$71.92. The company has a market cap of C$66.88 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.35 and a beta of 0.34. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$82.15.

Alimentation Couche-Tard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 17th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.2%. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, December 3rd. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 20.29%.

About Alimentation Couche-Tard

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.