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

Alimentation Couche-Tard Inc. (TSE:ATD) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$86.77.

Several research firms recently weighed in on ATD. JPMorgan Chase & Co. cut their price objective on Alimentation Couche-Tard from C$80.00 to C$79.00 in a research report on Wednesday, March 13th. Scotiabank lowered their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Desjardins lowered their price target on Alimentation Couche-Tard from C$90.00 to C$86.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. National Bankshares lowered Alimentation Couche-Tard from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$89.00 to C$83.00 in a research note on Friday, March 22nd. Finally, Canaccord Genuity Group lowered their price target on Alimentation Couche-Tard from C$94.00 to C$89.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$77.31 on Monday. Alimentation Couche-Tard has a fifty-two week low of C$63.29 and a fifty-two week high of C$87.27. The business has a 50-day moving average of C$81.75 and a two-hundred day moving average of C$77.79. The stock has a market capitalization of C$74.36 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.35 and a beta of 0.87. The company has a debt-to-equity ratio of 111.10, a current ratio of 0.86 and a quick ratio of 0.88.

Alimentation Couche-Tard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 16.99%.

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.