Alimentation Couche-Tard Inc. (TSE:ATD) Receives Consensus Recommendation of "Buy" from Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has received a consensus recommendation of "Buy" from the twelve analysts that are presently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$83.69.

Several research analysts have commented on ATD shares. BMO Capital Markets reduced their price objective on Alimentation Couche-Tard from C$82.00 to C$76.00 in a report on Friday, June 27th. JPMorgan Chase & Co. cut their price target on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating on the stock in a report on Tuesday, June 10th. Stifel Nicolaus cut their price target on Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a report on Friday, June 27th. National Bankshares cut their price target on Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, Veritas upgraded Alimentation Couche-Tard to a "strong-buy" rating in a report on Thursday, March 20th.

Alimentation Couche-Tard Trading Up 0.3%

Shares of TSE ATD traded up C$0.22 during midday trading on Friday, hitting C$68.32. The company's stock had a trading volume of 817,518 shares, compared to its average volume of 1,309,402. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The business's 50 day moving average is C$70.32 and its two-hundred day moving average is C$71.91. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$85.53. The firm has a market cap of C$45.39 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 21st will be issued a $0.195 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.78 annualized dividend and a dividend yield of 1.14%. Alimentation Couche-Tard's dividend payout ratio (DPR) is presently 18.26%.

About Alimentation Couche-Tard

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.