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

Alimentation Couche-Tard Inc. (TSE:ATD) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$88.17.

Several research analysts have recently commented on ATD shares. Stifel Nicolaus boosted their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. National Bankshares lowered their price objective on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research report on Friday, September 6th. Desjardins lowered their price objective on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. CIBC decreased their target price on Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. Finally, Canaccord Genuity Group decreased their price objective on Alimentation Couche-Tard from C$85.00 to C$83.00 in a report on Friday, September 6th.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$76.09 on Monday. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1 year low of C$68.93 and a 1 year high of C$87.27. The company has a market capitalization of C$72.13 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.35 and a beta of 0.90. The business has a fifty day simple moving average of C$79.68 and a two-hundred day simple moving average of C$78.57.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 EPS for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.02). Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The firm had revenue of C$23.88 billion for the quarter, compared to analysts’ expectations of C$23.13 billion. On average, analysts expect that Alimentation Couche-Tard will post 4.0335958 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 18.42%.

Alimentation Couche-Tard Company Profile

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.