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

Alimentation Couche-Tard Inc. (TSE:ATD) has received an average recommendation of “Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$83.92.

A number of brokerages have recently issued reports on ATD. Desjardins cut their target price on Alimentation Couche-Tard from C$82.00 to C$80.00 and set a “buy” rating for the company in a research note on Friday, June 27th. JPMorgan Chase & Co. cut their target price on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an “outperform” rating for the company in a research note on Tuesday, June 10th. Jefferies Financial Group cut their target price on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a “buy” rating for the company in a research note on Friday, June 27th. National Bankshares cut their target price on Alimentation Couche-Tard from C$86.00 to C$81.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Finally, Canaccord Genuity Group cut their target price on Alimentation Couche-Tard from C$84.00 to C$81.00 and set a “buy” rating for the company in a research note on Friday, June 20th.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$69.61 on Monday. The company has a market cap of C$65.99 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.35 and a beta of 0.39. The stock has a 50 day simple moving average of C$70.57 and a 200-day simple moving average of C$70.78. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 21st were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, July 7th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 19.66%.

Alimentation Couche-Tard Company Profile

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.