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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$87.73.

Several analysts recently commented on the company. Stifel Nicolaus upped their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. Royal Bank of Canada reduced their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. National Bankshares upped their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday. BMO Capital Markets boosted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday. Finally, Desjardins boosted their price target on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$81.91 on Friday. The stock has a market cap of C$77.65 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. The stock’s 50-day moving average is C$75.61 and its 200-day moving average is C$77.83. Alimentation Couche-Tard has a 1-year low of C$71.31 and a 1-year high of C$87.27.

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

Alimentation Couche-Tard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, December 4th. Alimentation Couche-Tard’s dividend 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.