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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$88.17.

ATD has been the subject of several analyst reports. Desjardins dropped their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Royal Bank of Canada lowered their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. National Bankshares cut their price target on Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. Canaccord Genuity Group reduced their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock opened at C$72.59 on Tuesday. The firm has a market cap of C$68.81 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The stock’s 50-day moving average is C$74.82 and its 200-day moving average is C$77.54. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. Alimentation Couche-Tard has a one year low of C$71.31 and a one year high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The company had revenue of C$24.99 billion for the quarter, compared to analysts’ expectations of C$24.73 billion. Equities analysts predict 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 Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, September 13th. Alimentation Couche-Tard’s payout ratio is presently 18.09%.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.