Alimentation Couche-Tard Inc. (TSE:ATD) Given Consensus Rating of “Moderate Buy” by Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$92.42.

ATD has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. Stifel Nicolaus lifted their price target on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. National Bank Financial boosted their price target on Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Jefferies Financial Group upped their price objective on Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. Finally, TD Securities raised their price objective on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday, February 12th.

Alimentation Couche-Tard Stock Down 1.1%

Shares of ATD opened at C$78.46 on Friday. The stock has a market cap of C$72.04 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.35 and a beta of 0.72. Alimentation Couche-Tard has a 12 month low of C$66.93 and a 12 month high of C$85.59. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.20. The company has a 50-day moving average price of C$78.93 and a two-hundred day moving average price of C$76.49.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 earnings per share for the quarter. The business had revenue of C$29.74 billion during the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. Equities analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 26th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 19.81%.

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.