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

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$88.17.

ATD has been the subject of a number of analyst reports. Canaccord Genuity Group lowered their price target on Alimentation Couche-Tard from C$85.00 to C$83.00 in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their price target on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. CIBC reduced their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. Royal Bank of Canada dropped their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday, September 5th. Finally, National Bankshares cut their target price on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research note on Friday, September 6th.

Alimentation Couche-Tard Price Performance

ATD traded up C$1.05 during trading on Tuesday, reaching C$73.64. 750,997 shares of the company traded hands, compared to its average volume of 1,483,548. The company has a market cap of C$69.81 billion, a P/E ratio of 18.83, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The firm has a fifty day simple moving average of C$74.82 and a 200 day simple moving average of C$77.54.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion for the quarter, compared to analysts' expectations of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. On average, equities analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, September 13th. Alimentation Couche-Tard's dividend payout ratio is currently 18.09%.

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.