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

Alimentation Couche-Tard Inc. (TSE:ATD) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$100.87.

A number of equities analysts recently weighed in on the stock. National Bank Financial lifted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Stifel Nicolaus upped their price target on shares of Alimentation Couche-Tard from C$93.00 to C$102.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Scotia upped their price target on shares of Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the company a “sector outperform” rating in a research report on Wednesday, June 24th. Canadian Imperial Bank of Commerce increased their price target on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. Finally, Raymond James Financial lifted their price objective on Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Down 0.8%

Alimentation Couche-Tard stock opened at C$89.23 on Thursday. The company has a debt-to-equity ratio of 101.65, a quick ratio of 0.88 and a current ratio of 1.12. Alimentation Couche-Tard has a 52-week low of C$68.30 and a 52-week high of C$95.15. The firm has a 50 day moving average price of C$85.26 and a two-hundred day moving average price of C$80.92. The firm has a market cap of C$81.91 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.35 and a beta of 0.66.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. Equities analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 23rd will be given a dividend of $0.215 per share. The ex-dividend date is Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Alimentation Couche-Tard’s dividend payout ratio is presently 17.53%.

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.