Shares of Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report) have received an average rating of “Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$88.83.
Several research firms recently issued reports on ATD. Canaccord Genuity Group increased their price target on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. 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. CIBC increased their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, UBS Group set a C$97.00 price target on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Friday, December 13th.
Read Our Latest Stock Analysis on ATD
Alimentation Couche-Tard Stock Up 0.6 %
Alimentation Couche-Tard Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.195 per share. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, December 4th. Alimentation Couche-Tard’s dividend payout ratio is 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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