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

Alimentation Couche-Tard Inc. (TSE:ATD) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the firm, Marketbeat.com reports. Two equities 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 brokerages that have issued a report on the stock in the last year is C$91.17.

Several research analysts have recently issued reports on ATD shares. Desjardins upped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the company a “buy” rating in a report on Thursday, February 12th. TD Securities boosted their price target on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Jefferies Financial Group raised their price objective on Alimentation Couche-Tard from C$88.00 to C$96.00 in a report on Thursday, February 12th. Stifel Nicolaus lifted their target price on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada boosted their target price on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the company an “outperform” rating in a report on Thursday, February 12th.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock opened at C$83.80 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$84.81. The firm’s 50 day moving average is C$76.19 and its two-hundred day moving average is C$73.59. The firm has a market capitalization of C$77.58 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.35 and a beta of 0.28.

Alimentation Couche-Tard Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were paid a $0.215 dividend. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, December 3rd. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 20.29%.

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.