Alimentation Couche-Tard Inc. (TSE:ATD) Given Consensus Recommendation of "Buy" by Analysts

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) has been given a consensus recommendation of "Buy" by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$86.33.

ATD has been the subject of a number of research analyst reports. CIBC cut their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating for the company in a research report on Thursday, March 20th. Scotiabank cut their price target on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an "outperform" rating for the company in a report on Thursday, March 20th. TD Securities decreased their price objective on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus lowered their price objective on Alimentation Couche-Tard from C$88.00 to C$86.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, National Bankshares reduced their target price on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an "outperform" rating for the company in a research report on Thursday, March 20th.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded up C$0.27 during trading hours on Friday, hitting C$69.00. 2,113,066 shares of the company traded hands, compared to its average volume of 1,355,511. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53. The firm has a 50-day moving average of C$71.51 and a 200 day moving average of C$75.10. The stock has a market capitalization of C$45.84 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a yield of 1.13%. Alimentation Couche-Tard's dividend payout ratio (DPR) is presently 18.26%.

Alimentation Couche-Tard Company Profile

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.