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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have received a consensus recommendation of "Buy" from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$84.33.

Several brokerages have issued reports on ATD. JPMorgan Chase & Co. dropped their target price on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating for the company in a report on Tuesday, June 10th. UBS Group cut their price objective on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. National Bankshares reduced their target price on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus decreased their target price on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, Desjardins dropped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating for the company in a research note on Thursday, March 20th.

Alimentation Couche-Tard Price Performance

Shares of ATD stock traded down C$0.84 during trading hours on Wednesday, reaching C$70.03. The company had a trading volume of 3,086,861 shares, compared to its average volume of 1,291,091. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$85.53. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market capitalization of C$46.53 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.35 and a beta of 0.89. The stock has a fifty day moving average of C$71.22 and a 200-day moving average of C$73.38.

Alimentation Couche-Tard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.11%. Alimentation Couche-Tard's payout ratio is currently 18.26%.

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.