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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$87.50.

A number of equities research analysts have issued reports on ATD shares. Desjardins cut their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus boosted their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note 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. CIBC cut their price target on Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. Finally, Canaccord Genuity Group cut their target price on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a report on Friday, September 6th.

Alimentation Couche-Tard Stock Down 1.1 %

ATD opened at C$75.00 on Monday. The stock has a market cap of C$71.10 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00. The firm’s fifty day moving average is C$80.17 and its 200 day moving average is C$78.79. Alimentation Couche-Tard has a fifty-two week low of C$68.93 and a fifty-two week high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Tuesday, June 25th. The company reported C$0.65 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.02). The business had revenue of C$23.88 billion during the quarter, compared to the consensus estimate of C$23.13 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. On average, sell-side analysts forecast that Alimentation Couche-Tard will post 4.0335958 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.70 dividend on an annualized basis and a yield of 0.93%. Alimentation Couche-Tard’s payout ratio is 18.42%.

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.