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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com 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 12 month target price among analysts that have updated their coverage on the stock in the last year is C$92.42.

A number of analysts have issued reports on the company. Raymond James Financial boosted their target price on Alimentation Couche-Tard from C$85.00 to C$90.00 in a research report on Thursday, March 19th. National Bank Financial raised their price target on Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Canaccord Genuity Group set a C$91.00 price objective on Alimentation Couche-Tard and gave the company a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. set a C$95.00 price objective on Alimentation Couche-Tard and gave the company an “overweight” rating in a report on Thursday. Finally, Royal Bank Of Canada increased their target price on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th.

Alimentation Couche-Tard Price Performance

Shares of ATD opened at C$78.20 on Friday. Alimentation Couche-Tard has a 1-year low of C$66.93 and a 1-year high of C$85.59. The stock has a market cap of C$72.39 billion, a PE ratio of 27.06, a P/E/G ratio of 1.35 and a beta of 0.67. The firm has a 50-day simple moving average of C$79.56 and a two-hundred day simple moving average of C$75.34. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88.

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

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th will be paid a dividend of $0.215 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio is 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.