Alimentation Couche-Tard Inc. (TSE:ATD) Given Average Rating of “Moderate Buy” by Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$86.75.

Several equities analysts recently issued reports on ATD shares. National Bankshares raised their price target on Alimentation Couche-Tard from C$83.00 to C$84.00 and gave the company a “sector perform” rating in a report on Friday, June 14th. CIBC raised their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Canaccord Genuity Group dropped their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a “buy” rating for the company in a research note on Thursday, June 27th. Desjardins reduced their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 and set a “buy” rating on the stock in a research note on Thursday, June 27th. Finally, Stifel Nicolaus lowered their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set a “buy” rating for the company in a report on Thursday, June 27th.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$82.60 on Friday. The stock has a market capitalization of C$79.44 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.85. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 111.10. Alimentation Couche-Tard has a 1 year low of C$65.09 and a 1 year high of C$87.27. The firm has a 50 day moving average of C$79.77 and a 200-day moving average of C$79.39.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Tuesday, June 25th. The company reported C$0.65 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.02). Alimentation Couche-Tard had a net margin of 4.34% and a return on equity of 23.19%. The business had revenue of C$23.88 billion during the quarter, compared to analyst estimates of C$23.13 billion. As a group, sell-side analysts anticipate that Alimentation Couche-Tard will post 4.343894 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, July 5th. Alimentation Couche-Tard’s dividend payout ratio is currently 16.99%.

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.