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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$100.87.

ATD has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their target price on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Canadian Imperial Bank of Commerce raised their price target on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. UBS Group lifted their price objective on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. National Bank Financial boosted their price objective on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Finally, TD increased their target price on Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th.

Alimentation Couche-Tard Trading Down 0.1%

Alimentation Couche-Tard stock opened at C$90.27 on Friday. The business has a 50 day moving average price of C$81.70 and a two-hundred day moving average price of C$79.26. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 101.65. Alimentation Couche-Tard has a 12 month low of C$67.90 and a 12 month high of C$95.15. The stock has a market cap of C$82.90 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%. As a group, equities analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 23rd will be issued a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 1.0%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 17.53%.

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.