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

Alimentation Couche-Tard Inc. (TSE:ATD) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$91.17.

Several equities analysts have recently issued reports on the company. National Bank Financial lifted their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. TD Securities lifted their price target on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their price target on shares of Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Scotiabank increased their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, BMO Capital Markets lifted their price objective on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th.

Alimentation Couche-Tard Price Performance

TSE ATD opened at C$83.80 on Monday. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$84.81. The company has a market cap of C$77.58 billion, a PE ratio of 30.47, a P/E/G ratio of 1.35 and a beta of 0.28. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The firm’s 50 day moving average price is C$76.19 and its 200-day moving average price is C$73.59.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were paid a $0.215 dividend. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, December 3rd. Alimentation Couche-Tard’s payout ratio is 20.29%.

About Alimentation Couche-Tard

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.