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

Key Points

• Analysts rate Alimentation Couche-Tard a “Moderate Buy”: Eleven of 12 covering firms recommend buying the stock, while one advises holding it. The average 12-month price target is C$99.73.
• Recent price targets were mixed: BMO and Stifel lowered their targets to C$90 and C$102, respectively, while Desjardins, RBC and UBS maintained or raised targets ranging from C$101 to C$111.
• The company reported C$1.26 in quarterly EPS and C$30.43 billion in revenue and pays an annualized dividend of C$0.86 per share, yielding approximately 1.1%. Insider ownership stands at 18.67%, including a recent purchase by director Éric Boyko.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$99.73.

Several research firms recently issued reports on ATD. BMO Capital Markets decreased their target price on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a "market perform" rating on the stock in a research note on Thursday, September 3rd. Stifel Nicolaus dropped their target price on 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. Desjardins boosted their price target on shares of Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Royal Bank Of Canada set a C$111.00 price target on shares of Alimentation Couche-Tard and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Finally, UBS Group raised their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th.

Insider Activity at Alimentation Couche-Tard

In other Alimentation Couche-Tard news, Director Éric Boyko purchased 5,000 shares of the company's stock in a transaction 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 purchase, the director directly owned 47,300 shares in the company, valued at approximately C$3,800,082. The trade was a 11.82% increase in their position. Also, Director Jean Bernier sold 946 shares of the company's stock in a transaction on 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 sale, the director directly owned 10,320 shares in the company, valued at C$848,510.40. This represents a 8.40% decrease in their position. Company insiders own 18.67% of the company's stock.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock opened at C$77.13 on Tuesday. The company's 50 day simple moving average is C$84.56 and its 200-day simple moving average is C$83.15. 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 has a 1 year low of C$68.30 and a 1 year high of C$95.15. The company has a market capitalization of C$70.80 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last posted its earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The firm had revenue of C$30.43 billion during the quarter. As a group, equities research analysts expect that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a dividend of $0.2150 per share. The ex-dividend date was Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. 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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