Alimentation Couche-Tard Inc. (TSE:ATD) Stock Now Rated "Buy" by Sell-Side Analysts

Key Points

• Analysts rate Alimentation Couche-Tard a consensus “Buy”: ten analysts recommend buying, one rates it a strong buy, and one advises holding. The average 12-month price target is C$99.13 versus the stock’s reported C$80.98 price.
• Recent analyst actions were largely positive, including BMO Capital Markets upgrading the stock to “strong buy,” while several firms maintained outperform or buy ratings despite modestly lowering price targets.
• Director Éric Boyko bought 5,000 shares worth C$401,700, while another director sold 946 shares. The company also reported quarterly EPS of C$1.26 and pays an annualized dividend of C$0.86 per share, yielding about 1.1%.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has received an average rating of "Buy" from the twelve ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$99.13.

A number of equities research analysts have commented on ATD shares. Royal Bank Of Canada set a C$111.00 price objective on shares of Alimentation Couche-Tard and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Scotia reduced their target price on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a "sector outperform" rating on the stock in a research report on Thursday, September 3rd. BMO Capital Markets raised shares of Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. National Bank Financial lowered their price target on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an "outperform" rating for the company in a report on Thursday, September 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd.

Insider Buying and Selling at Alimentation Couche-Tard

In related news, Director Éric Boyko acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the acquisition, the director owned 47,300 shares of the company's stock, valued at C$3,800,082. This trade represents a 11.82% increase in their position. Also, Director Jean Bernier sold 946 shares of the business's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$82.22, for a total value of C$77,780.12. Following the transaction, 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 ownership of the stock. Insiders own 18.67% of the company's stock.

Alimentation Couche-Tard Stock Up 0.6%

TSE ATD opened at C$80.98 on Friday. The company has a debt-to-equity ratio of 92.19, a quick ratio of 0.88 and a current ratio of 1.26. The firm has a 50-day simple moving average of C$80.83 and a 200 day simple moving average of C$82.14. Alimentation Couche-Tard has a twelve month low of C$68.30 and a twelve month high of C$95.15. The stock has a market cap of C$74.34 billion, a PE ratio of 23.54, a PEG ratio of 1.35 and a beta of 0.77.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last issued its earnings results 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 for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. On average, research analysts forecast that Alimentation Couche-Tard will post 4.04 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were given a dividend of $0.2150 per share. The ex-dividend date was Friday, September 11th. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. Alimentation Couche-Tard's payout ratio is currently 17.49%.

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. 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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