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

Alimentation Couche-Tard Inc. (TSE:ATD) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$92.58.

Several research firms have recently weighed in on ATD. National Bank Financial boosted their target price on shares of Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Stifel Nicolaus boosted their target price on shares of 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. TD Securities boosted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Canaccord Genuity Group set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Raymond James Financial boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research report on Thursday, March 19th.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$79.21 on Wednesday. Alimentation Couche-Tard has a 12 month low of C$66.93 and a 12 month high of C$85.59. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88. The firm has a market capitalization of C$72.73 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.35 and a beta of 0.72. The company’s fifty day moving average price is C$78.27 and its two-hundred day moving average price is C$77.13.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 EPS for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. The firm had revenue of C$29.74 billion for the quarter. On average, research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were given a $0.215 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. Alimentation Couche-Tard’s payout ratio is presently 19.81%.

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.