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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD – Get Rating) have earned an average rating of “Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$68.12.

Several research firms have recently weighed in on ATD. TD Securities boosted their target price on Alimentation Couche-Tard from C$69.00 to C$71.00 and gave the company a “buy” rating in a report on Thursday, November 24th. Raymond James boosted their target price on Alimentation Couche-Tard from C$65.00 to C$70.00 and gave the company a “strong-buy” rating in a report on Monday, November 28th. Royal Bank of Canada set a C$80.00 target price on Alimentation Couche-Tard and gave the company an “outperform” rating in a report on Thursday, November 24th. Stifel Nicolaus reduced their target price on Alimentation Couche-Tard from C$70.00 to C$68.00 in a report on Thursday, November 24th. Finally, CSFB set a C$65.00 target price on Alimentation Couche-Tard and gave the company a “neutral” rating in a report on Wednesday, December 21st.

Alimentation Couche-Tard Trading Up 1.1 %

TSE:ATD opened at C$62.36 on Wednesday. The stock has a 50-day simple moving average of C$61.43 and a 200-day simple moving average of C$59.02. The stock has a market cap of C$62.18 billion and a P/E ratio of 17.18. Alimentation Couche-Tard has a 1 year low of C$45.23 and a 1 year high of C$63.55. The company has a debt-to-equity ratio of 72.23, a quick ratio of 0.88 and a current ratio of 1.36.

Alimentation Couche-Tard (TSE:ATD – Get Rating) last released its quarterly earnings data on Tuesday, November 22nd. The company reported C$1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.04 by C$0.03. The business had revenue of C$22.02 billion for the quarter, compared to analyst estimates of C$22.70 billion. As a group, analysts anticipate that Alimentation Couche-Tard will post 3.9200001 earnings per share for the current fiscal year.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $0.14 per share. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.56 annualized dividend and a yield of 0.90%. Alimentation Couche-Tard’s payout ratio is presently 9.47%.

Alimentation Couche-Tard Company Profile

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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 brands.