Alimentation Couche-Tard Inc. (TSE:ATD) Receives Average Rating of “Buy” from Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD) has been given an average rating of “Buy” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$86.33.

A number of research firms have recently weighed in on ATD. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price target on Alimentation Couche-Tard from C$88.00 to C$86.00 and set a “buy” rating for the company in a report on Thursday, March 20th. National Bankshares cut their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating on the stock in a report on Thursday, March 20th. Desjardins decreased their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, UBS Group dropped their target price on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th.

Alimentation Couche-Tard Price Performance

Shares of ATD opened at C$68.78 on Friday. The company has a 50 day moving average of C$71.07 and a two-hundred day moving average of C$74.96. 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 twelve month low of C$65.95 and a twelve month high of C$85.53. The company has a market cap of C$45.70 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a $0.195 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.13%. Alimentation Couche-Tard’s payout ratio is currently 18.26%.

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.