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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average recommendation of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$86.33.

ATD has been the subject of a number of research reports. Veritas raised shares of Alimentation Couche-Tard to a “strong-buy” rating in a research report on Thursday, March 20th. BMO Capital Markets dropped their price target on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research note on Thursday, March 20th. National Bankshares decreased their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating for the company in a report on Thursday, March 20th. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Scotiabank decreased their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating for the company in a report on Thursday, March 20th.

Alimentation Couche-Tard Stock Up 0.7 %

Shares of Alimentation Couche-Tard stock opened at C$72.90 on Tuesday. The company has a fifty day moving average price of C$70.65 and a 200 day moving average price of C$74.73. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53. The stock has a market cap of C$48.44 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, March 27th. Alimentation Couche-Tard’s dividend payout ratio is 18.26%.

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.