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

Alimentation Couche-Tard Inc. (TSE:ATDGet Rating) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$68.12.

ATD has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on Alimentation Couche-Tard from C$70.00 to C$68.00 in a research note on Thursday, November 24th. National Bankshares increased their price target on Alimentation Couche-Tard from C$68.00 to C$69.00 and gave the company an “outperform” rating in a research note on Monday, November 21st. JPMorgan Chase & Co. decreased their price target on Alimentation Couche-Tard from C$55.00 to C$54.00 in a research note on Tuesday, November 22nd. Royal Bank of Canada set a C$80.00 price target on Alimentation Couche-Tard and gave the company an “outperform” rating in a research note on Thursday, November 24th. Finally, CSFB set a C$65.00 price target on Alimentation Couche-Tard and gave the company a “neutral” rating in a research note on Wednesday, December 21st.

Alimentation Couche-Tard Price Performance

ATD opened at C$62.36 on Wednesday. Alimentation Couche-Tard has a 12-month low of C$45.23 and a 12-month high of C$63.55. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 72.23. The business’s fifty day simple moving average is C$61.43 and its 200-day simple moving average is C$59.02. The company has a market capitalization of C$62.18 billion and a price-to-earnings ratio of 17.18.

Alimentation Couche-Tard (TSE:ATDGet Rating) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported C$1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.04 by C$0.03. The firm had revenue of C$22.02 billion for the quarter, compared to the consensus estimate of C$22.70 billion. On average, equities research analysts anticipate that Alimentation Couche-Tard will post 3.9200001 earnings per share for the current fiscal year.

Alimentation Couche-Tard Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.90%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, November 30th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 9.47%.

About Alimentation Couche-Tard

(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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