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

Alimentation Couche-Tard Inc. (TSE:ATD) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, 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 objective among brokers that have covered the stock in the last year is C$92.58.

Several analysts have weighed in on the company. National Bank Financial lifted their price objective on Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce dropped their price target on Alimentation Couche-Tard from C$92.00 to C$89.00 in a research report on Thursday, March 19th. Canaccord Genuity Group set a C$91.00 price objective on Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Thursday, March 19th. Royal Bank Of Canada upped their target price on shares of Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$82.33 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.20. The firm’s fifty day simple moving average is C$78.65 and its 200 day simple moving average is C$77.60. The stock has a market cap of C$75.60 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a twelve month low of C$66.93 and a twelve month high of C$85.59.

Alimentation Couche-Tard (TSE:ATD) last posted its earnings results 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 during the quarter. As a group, research analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th. Alimentation Couche-Tard’s payout ratio is 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.