Alimentation Couche-Tard Inc. (TSE:ATD) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Alimentation Couche-Tard received an average analyst rating of “Moderate Buy” from 12 brokerages, with 10 buy ratings and 2 hold ratings. The average 1-year price target is C$92.42.
• Recent analyst updates were mixed but mostly positive, including target price increases from National Bank Financial, RBC, BMO, and TD Securities, while CIBC trimmed its target slightly. Several firms reiterated outperform or buy-style ratings.
• The stock last traded at C$79.23, after reporting quarterly EPS of C$1.10 and revenue of C$29.74 billion. The company also paid a quarterly dividend of C$0.215 per share, yielding about 1.1%.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten 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$92.42.

ATD has been the topic of several recent analyst reports. National Bank Financial boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the company an "outperform" rating in a research note on Thursday, March 19th. Royal Bank Of Canada boosted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Canadian Imperial Bank of Commerce cut their target price on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. BMO Capital Markets boosted their target price on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a "market perform" rating in a research note on Thursday, February 12th. Finally, TD Securities boosted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a "buy" rating in a research note on Thursday, February 12th.

Alimentation Couche-Tard Price Performance

TSE ATD opened at C$79.23 on Friday. The stock has a market capitalization of C$72.75 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.35 and a beta of 0.72. Alimentation Couche-Tard has a 1 year low of C$66.93 and a 1 year high of C$85.59. The business's fifty day moving average is C$79.42 and its two-hundred day moving average is C$76.30. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. The company had revenue of C$29.74 billion for the quarter. On average, research analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th. Alimentation Couche-Tard's payout ratio is 19.81%.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.