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

Shares of Alimentation Couche-Tard Inc. (TSE:ATDGet Rating) have been assigned an average rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$62.33.

Several research firms have commented on ATD. BMO Capital Markets raised their target price on shares of Alimentation Couche-Tard from C$59.00 to C$65.00 in a report on Thursday, March 17th. National Bank Financial lowered shares of Alimentation Couche-Tard from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Monday, February 14th. Royal Bank of Canada raised their target price on shares of Alimentation Couche-Tard from C$73.00 to C$77.00 and gave the company an “outperform” rating in a report on Friday. Desjardins raised their target price on shares of Alimentation Couche-Tard from C$59.00 to C$60.00 in a report on Monday, March 21st. Finally, Canaccord Genuity Group raised shares of Alimentation Couche-Tard from a “hold” rating to a “buy” rating and raised their target price for the company from C$51.00 to C$61.00 in a report on Thursday, March 17th.

TSE:ATD traded up C$0.08 during mid-day trading on Friday, reaching C$55.61. 2,348,207 shares of the company’s stock were exchanged, compared to its average volume of 1,828,177. Alimentation Couche-Tard has a one year low of C$43.27 and a one year high of C$59.60. The stock has a market capitalization of C$57.59 billion and a price-to-earnings ratio of 16.54. The business’s fifty day moving average is C$55.64. The company has a quick ratio of 0.91, a current ratio of 1.42 and a debt-to-equity ratio of 74.91.

Alimentation Couche-Tard (TSE:ATDGet Rating) last released its quarterly earnings results on Tuesday, March 15th. The company reported C$0.89 EPS for the quarter, topping analysts’ consensus estimates of C$0.81 by C$0.08. The business had revenue of C$23.53 billion for the quarter, compared to the consensus estimate of C$22.30 billion. As a group, analysts expect that Alimentation Couche-Tard will post 3.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, April 7th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Wednesday, March 23rd. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 8.79%.

Alimentation Couche-Tard Company Profile (Get Rating)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's banners.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD)

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