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

Alimentation Couche-Tard Inc. (TSE:ATD) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$88.50.

A number of research analysts have recently commented on the stock. TD Securities reduced their target price on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research report on Tuesday. National Bankshares boosted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Scotiabank set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Friday, December 20th. BMO Capital Markets reduced their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. Finally, National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

Alimentation Couche-Tard Trading Down 0.6 %

TSE ATD opened at C$71.59 on Thursday. The company’s fifty day simple moving average is C$76.87 and its 200-day simple moving average is C$77.06. Alimentation Couche-Tard has a 52 week low of C$71.25 and a 52 week high of C$87.27. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The stock has a market cap of C$47.57 billion, a P/E ratio of 18.67, a PEG ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.195 per share. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, December 4th. This represents a $0.78 annualized dividend and a yield of 1.09%. Alimentation Couche-Tard’s payout ratio is presently 18.26%.

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.