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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$87.73.

ATD has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. CIBC increased their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th. Finally, National Bankshares boosted their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th.

Alimentation Couche-Tard Trading Down 0.4 %

Shares of Alimentation Couche-Tard stock opened at C$82.71 on Friday. The firm has a market cap of C$78.41 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.35 and a beta of 0.89. The business has a 50-day moving average price of C$76.04 and a 200-day moving average price of C$77.99. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The firm had revenue of C$24.99 billion during the quarter, compared to the consensus estimate of C$24.73 billion. Equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th will be issued a $0.195 dividend. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.94%. Alimentation Couche-Tard’s payout ratio is presently 18.09%.

About Alimentation Couche-Tard

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.