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

Alimentation Couche-Tard Inc. (TSE:ATD) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$86.77.

Several brokerages have weighed in on ATD. National Bank Financial downgraded shares of Alimentation Couche-Tard from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. reduced their price objective on shares of Alimentation Couche-Tard from C$80.00 to C$79.00 in a research report on Wednesday, March 13th. Desjardins reduced their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$86.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. TD Securities reduced their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, CIBC lifted their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$75.41 on Friday. The company has a debt-to-equity ratio of 111.10, a current ratio of 0.86 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1-year low of C$63.29 and a 1-year high of C$87.27. The company has a market capitalization of C$72.53 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.35 and a beta of 0.87. The firm’s 50 day simple moving average is C$80.34 and its two-hundred day simple moving average is C$78.21.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Wednesday, March 20th. The company reported C$0.88 earnings per share for the quarter, missing the consensus estimate of C$1.14 by C($0.26). Alimentation Couche-Tard had a net margin of 4.34% and a return on equity of 23.19%. The firm had revenue of C$26.51 billion for the quarter, compared to analysts’ expectations of C$28.03 billion. Research analysts expect that Alimentation Couche-Tard will post 4.4592199 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, March 28th. Alimentation Couche-Tard’s payout ratio is 16.99%.

About Alimentation Couche-Tard

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.