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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$92.58.

A number of research analysts have recently commented on the stock. Canaccord Genuity Group set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Thursday, March 19th. Desjardins boosted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. National Bank Financial upped their target price on shares of Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce decreased their price target on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. Finally, TD Securities boosted their price target on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, February 12th.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD opened at C$82.60 on Wednesday. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. The business’s 50 day moving average price is C$78.49 and its 200-day moving average price is C$77.42. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$85.59. The company has a market cap of C$75.85 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.35 and a beta of 0.74.

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

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Alimentation Couche-Tard’s payout ratio is 19.81%.

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