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

Alimentation Couche-Tard Inc. (TSE:ATDGet Rating) has earned an average rating of “Buy” from the thirteen ratings firms that are covering the firm, reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$67.42.

A number of analysts have issued reports on the company. Desjardins boosted their target price on Alimentation Couche-Tard from C$63.00 to C$64.00 in a research report on Tuesday, September 6th. National Bankshares raised Alimentation Couche-Tard from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$63.00 to C$68.00 in a research report on Thursday, September 1st. Scotiabank boosted their target price on Alimentation Couche-Tard from C$66.00 to C$73.00 in a research report on Thursday, September 1st. Raymond James boosted their target price on Alimentation Couche-Tard from C$60.00 to C$65.00 in a research report on Thursday, September 1st. Finally, Royal Bank of Canada boosted their price target on shares of Alimentation Couche-Tard from C$77.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 31st.

Alimentation Couche-Tard Trading Down 2.3 %

ATD opened at C$56.29 on Thursday. Alimentation Couche-Tard has a one year low of C$45.23 and a one year high of C$60.66. The stock has a market capitalization of C$57.53 billion and a PE ratio of 16.22. The business’s 50 day moving average price is C$57.27 and its 200 day moving average price is C$55.61. The company has a debt-to-equity ratio of 75.37, a quick ratio of 0.81 and a current ratio of 1.26.

Alimentation Couche-Tard (TSE:ATDGet Rating) last announced its earnings results on Tuesday, June 28th. The company reported C$0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.58 by C$0.12. The firm had revenue of C$20.83 billion during the quarter, compared to analysts’ expectations of C$19.89 billion. As a group, equities research analysts expect that Alimentation Couche-Tard will post 3.7474836 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. Alimentation Couche-Tard’s payout ratio is currently 9.46%.

Alimentation Couche-Tard Company Profile

(Get Rating)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD)

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