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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$86.75.

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Wednesday, November 26th. Scotiabank boosted their price objective on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Desjardins set a C$85.00 target price on Alimentation Couche-Tard and gave the stock a “buy” rating in a research note on Friday, December 19th. TD Securities lifted their target price on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, BMO Capital Markets increased their price target on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a research report on Wednesday, November 26th.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock opened at C$71.57 on Thursday. The company’s 50 day simple moving average is C$74.05 and its 200-day simple moving average is C$72.73. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$80.96. The company has a market capitalization of C$66.26 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.35 and a beta of 0.32.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.215 per share. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, December 3rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 20.29%.

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.