Alimentation Couche-Tard Inc. (TSE:ATD) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a positive outlook: Alimentation Couche-Tard has a “Moderate Buy” consensus from 13 analysts, with 11 buy ratings and two holds. The average 12-month price target is C$99.73, above the reported C$80.00 share price.
• Recent financial results were solid: The company reported quarterly earnings of C$1.26 per share and revenue of C$30.43 billion, alongside a 19.91% return on equity and a 3.95% net margin.
• The company declared a quarterly dividend: Shareholders will receive C$0.215 per share, or C$0.86 annualized, representing a 1.1% yield and a 17.49% payout ratio.

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$99.73.

Several brokerages have recently commented on ATD. Raymond James Financial reduced their target price on Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday, September 3rd. Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. TD reduced their price objective on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Scotia reduced their price objective on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a "sector outperform" rating for the company in a research note on Thursday, September 3rd. Finally, Royal Bank Of Canada set a C$111.00 target price on shares of Alimentation Couche-Tard and gave the stock an "outperform" rating in a report on Wednesday, September 2nd.

Insider Activity at Alimentation Couche-Tard

In other news, Director Éric Boyko acquired 5,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of C$80.34 per share, for a total transaction of C$401,700.00. Following the transaction, the director owned 47,300 shares in the company, valued at approximately C$3,800,082. This trade represents a 11.82% increase in their position. Also, Director Jean Bernier sold 946 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of C$82.22, for a total value of C$77,780.12. Following the completion of the sale, the director owned 10,320 shares of the company's stock, valued at C$848,510.40. The trade was a 8.40% decrease in their position. 18.67% of the stock is currently owned by corporate insiders.

Alimentation Couche-Tard Price Performance

TSE ATD opened at C$80.00 on Friday. Alimentation Couche-Tard has a 1 year low of C$68.30 and a 1 year high of C$95.15. The business's fifty day moving average is C$88.50 and its two-hundred day moving average is C$83.60. The stock has a market capitalization of C$73.44 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 92.19, a quick ratio of 0.88 and a current ratio of 1.26.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. The business had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. On average, research analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 11th. Alimentation Couche-Tard's dividend payout ratio is 17.49%.

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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