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

Key Points

• Alimentation Couche-Tard Inc. has received a consensus rating of "Buy" from fifteen analysts, with an average 12-month target price of C$85.31.
• The company recently announced a quarterly dividend of $0.195 per share, representing an annualized dividend of $0.78 and a yield of 1.1%.
• Shares of Alimentation Couche-Tard opened at C$73.39 and have experienced fluctuating target price updates from various analysts, indicating varying market confidence.

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have been given a consensus rating of "Buy" by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$85.31.

A number of equities research analysts have recently issued reports on the stock. 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 report on Thursday, September 4th. Canaccord Genuity Group lowered their price target on shares of 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 20th. Desjardins lowered their price target on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Royal Bank Of Canada lowered their price target on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an "outperform" rating on the stock in a report on Wednesday, September 3rd. Finally, Scotiabank increased their price target on shares of Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the company an "outperform" rating in a report on Thursday, September 4th.

Alimentation Couche-Tard Trading Down 1.2%

Shares of TSE:ATD opened at C$73.39 on Friday. The company's 50-day moving average price is C$72.10 and its two-hundred day moving average price is C$71.00. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$83.73. The stock has a market capitalization of C$69.03 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.34.

Alimentation Couche-Tard Announces Dividend

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. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, September 11th. Alimentation Couche-Tard's dividend payout ratio is presently 20.27%.

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.

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