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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have been assigned an average recommendation of "Buy" from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$86.33.

Several brokerages have recently issued reports on ATD. CIBC lowered 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. Canaccord Genuity Group lowered their target price on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price target on Alimentation Couche-Tard from C$89.00 to C$86.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. National Bank Financial upgraded Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Veritas upgraded Alimentation Couche-Tard to a "strong-buy" rating in a research note on Thursday, March 20th.

Alimentation Couche-Tard Stock Up 3.1 %

TSE ATD traded up C$2.13 during trading hours on Friday, reaching C$70.91. 1,145,404 shares of the company's stock were exchanged, compared to its average volume of 1,367,596. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market capitalization of C$47.11 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company's 50-day moving average is C$70.98 and its two-hundred day moving average is C$74.93. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 10th were paid a $0.195 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.78 annualized dividend and a dividend yield of 1.10%. Alimentation Couche-Tard's dividend payout ratio is presently 18.26%.

About Alimentation Couche-Tard

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.