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

Alimentation Couche-Tard Inc. (TSE:ATD) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$86.75.

ATD has been the topic of several analyst reports. TD Securities lifted their price target on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. BMO Capital Markets raised their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a research report on Wednesday, November 26th. Desjardins set a C$85.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research note on Friday, December 19th. Stifel Nicolaus boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Finally, National Bankshares raised their price target on shares of Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$71.57 on Thursday. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$80.96. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market capitalization of C$66.26 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.35 and a beta of 0.32. The business has a 50 day simple moving average of C$74.05 and a 200-day simple moving average of C$72.73.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.2%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend 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.