Alimentation Couche-Tard Inc. (TSE:ATD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

ATD has been the subject of several analyst reports. Canadian Imperial Bank of Commerce upped their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. BMO Capital Markets raised their target price on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 24th. Canaccord Genuity Group boosted their target price on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. UBS Group upped their price target on Alimentation Couche-Tard from C$91.00 to C$104.00 in a report on Wednesday, June 24th. Finally, Stifel Nicolaus upped their price target on Alimentation Couche-Tard from C$93.00 to C$102.00 and gave the company a “buy” rating in a report on Wednesday, June 24th.

Alimentation Couche-Tard Price Performance

Shares of ATD opened at C$91.38 on Friday. The firm has a market capitalization of C$83.92 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.35 and a beta of 0.74. The firm’s fifty day simple moving average is C$81.96 and its 200-day simple moving average is C$79.35. Alimentation Couche-Tard has a twelve month low of C$67.90 and a twelve month high of C$95.15. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65.

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

Alimentation Couche-Tard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 23rd will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 9th. Alimentation Couche-Tard’s payout ratio is currently 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.