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

Alimentation Couche-Tard Inc. (TSE:ATD) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$87.73.

ATD has been the subject of a number of research analyst reports. National Bankshares lifted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday. BMO Capital Markets lifted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday, September 6th. CIBC lifted their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday. Finally, Canaccord Genuity Group lifted their target price on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th.

Alimentation Couche-Tard Price Performance

TSE:ATD opened at C$81.91 on Friday. Alimentation Couche-Tard has a 1-year low of C$71.31 and a 1-year high of C$87.27. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. The firm has a fifty day simple moving average of C$75.61 and a 200 day simple moving average of C$77.83. The stock has a market capitalization of C$77.65 billion, a PE ratio of 21.17, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of C$24.99 billion during the quarter, compared to analysts’ expectations of C$24.73 billion. On average, research analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, December 4th. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s payout ratio is currently 18.09%.

Alimentation Couche-Tard Company Profile

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.