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

Alimentation Couche-Tard Inc. (TSE:ATD) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$92.42.

Several brokerages recently weighed in on ATD. Raymond James Financial boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research note on Thursday, March 19th. BMO Capital Markets boosted their target price 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 note on Thursday, February 12th. Canadian Imperial Bank of Commerce cut their target price on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. JPMorgan Chase & Co. set a C$95.00 target price on shares of Alimentation Couche-Tard and gave the company an “overweight” rating in a research note on Thursday, March 26th. Finally, Jefferies Financial Group boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a research note on Thursday, February 12th.

Alimentation Couche-Tard Trading Up 0.7%

Shares of ATD stock opened at C$79.28 on Tuesday. The firm has a 50-day moving average price of C$80.60 and a 200 day moving average price of C$75.94. Alimentation Couche-Tard has a twelve month low of C$66.93 and a twelve month high of C$85.59. The company has a market capitalization of C$72.80 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.35 and a beta of 0.69. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 101.20.

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

Alimentation Couche-Tard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were issued a $0.215 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.86 annualized dividend and a yield of 1.1%. 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.