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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$86.62.

Several research analysts recently weighed in on ATD shares. TD Securities reduced their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Canaccord Genuity Group decreased their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a “buy” rating for the company in a report on Thursday, June 27th. Stifel Nicolaus lowered their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. BMO Capital Markets reduced their target price on Alimentation Couche-Tard from C$91.00 to C$89.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, CIBC increased their price target on Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th.

Alimentation Couche-Tard Trading Up 1.1 %

ATD opened at C$77.61 on Wednesday. The firm has a 50 day simple moving average of C$77.39 and a 200 day simple moving average of C$78.78. Alimentation Couche-Tard has a fifty-two week low of C$64.82 and a fifty-two week high of C$87.27. The company has a market cap of C$74.64 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.35 and a beta of 0.85. The company has a debt-to-equity ratio of 111.10, a current ratio of 0.86 and a quick ratio of 0.88.

Alimentation Couche-Tard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 19th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, July 5th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 16.99%.

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.