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

Key Points

• Analyst consensus is “Moderate Buy”: Eleven of 13 covering firms recommend buying Alimentation Couche-Tard, while two rate it a hold. The average 12-month price target is C$101.20.
• Several brokerages raised their targets, with TD setting the highest at C$109; other revised targets range from C$102 to C$105.
• The stock opened at C$91.96, near its 52-week high, while the company reported quarterly EPS of C$1.00 and pays an annualized dividend of C$0.86, yielding about 0.9%.

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$101.20.

Several brokerages have issued reports on ATD. Stifel Nicolaus lifted their target price on shares of Alimentation Couche-Tard from C$93.00 to C$102.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Raymond James Financial increased their target price on shares of Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday, June 24th. UBS Group raised their price target on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. National Bank Financial boosted their price target on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 24th. Finally, TD upped their price objective on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th.

Alimentation Couche-Tard Stock Performance

TSE ATD opened at C$91.96 on Monday. The company has a market cap of C$84.42 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The stock's 50 day simple moving average is C$89.53 and its 200-day simple moving average is C$82.92. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.12 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last issued its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%. As a group, equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 23rd were given a $0.215 dividend. The ex-dividend date was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. Alimentation Couche-Tard's dividend payout ratio is 17.53%.

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.

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