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

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Alimentation Couche-Tard Inc (TSE:ATD.B) has earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$87.00.

Several analysts recently weighed in on ATD.B shares. Royal Bank of Canada lifted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$90.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. BMO Capital Markets downgraded shares of Alimentation Couche-Tard from an “outperform” rating to a “market perform” rating in a report on Thursday, July 18th. National Bank Financial lifted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$91.00 and gave the company an “outperform” rating in a report on Friday, September 6th. SunTrust Banks lifted their target price on shares of Alimentation Couche-Tard from C$92.00 to C$93.00 in a report on Friday, September 6th. Finally, TD Securities downgraded shares of Alimentation Couche-Tard from a “buy” rating to a “hold” rating and set a C$90.00 target price for the company. in a report on Thursday, July 11th.

Alimentation Couche-Tard stock traded down C$0.13 during trading on Tuesday, hitting C$82.85. The company had a trading volume of 2,303,810 shares, compared to its average volume of 765,673. Alimentation Couche-Tard has a 1-year low of C$60.03 and a 1-year high of C$88.40. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 99.80. The company’s 50 day simple moving average is C$82.48 and its 200-day simple moving average is C$81.31. The stock has a market cap of $36.25 billion and a price-to-earnings ratio of 24.44.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 0.60%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 14.75%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

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