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

Key Points

• Alimentation Couche-Tard Inc. has a consensus rating of "Buy" from analysts, with two hold ratings, eleven buy ratings, and two strong buy ratings among the fifteen analysts covering the company.
• The average 1-year target price for the stock is C$85.31, and the company recently saw target price adjustments from various analysts, including TD Securities, which raised its target price from C$85.00 to C$89.00.
• Alimentation Couche-Tard declared a quarterly dividend of $0.195 per share, representing an annualized yield of 1.0%, and the company's dividend payout ratio stands at 20.27%.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has received a consensus rating of "Buy" from the fifteen analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$85.31.

ATD has been the topic of a number of research reports. Stifel Nicolaus upped their target price on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. TD Securities upped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$89.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. National Bankshares upped their target price on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Royal Bank Of Canada cut their target price on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 3rd. Finally, Desjardins cut their target price on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating on the stock in a research report on Friday, June 27th.

Alimentation Couche-Tard Stock Down 0.7%

Shares of TSE ATD opened at C$74.46 on Tuesday. The firm's 50-day simple moving average is C$72.38 and its 200 day simple moving average is C$71.45. The company has a market cap of C$70.04 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.35 and a beta of 0.37. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were given a dividend of $0.195 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.78 dividend on an annualized basis and a yield of 1.0%. Alimentation Couche-Tard's dividend payout ratio is presently 20.27%.

Alimentation Couche-Tard Company Profile

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.

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