Alimentation Couche-Tard Inc. (TSE:ATD) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Alimentation Couche-Tard Inc. (TSE:ATD) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating 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$99.73.

Several equities research analysts recently commented on the company. Scotia dropped their price objective on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating on the stock in a research report on Thursday, September 3rd. Royal Bank Of Canada set a C$111.00 target price on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. UBS Group boosted their target price on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Canaccord Genuity Group upped their target price on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Stifel Nicolaus dropped their price target on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd.

Insider Activity at Alimentation Couche-Tard

In related news, Director Éric Boyko acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the transaction, the director directly owned 47,300 shares in the company, valued at approximately C$3,800,082. This trade represents a 11.82% increase in their ownership of the stock. Also, Director Jean Bernier sold 946 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the transaction, the director owned 10,320 shares in the company, valued at approximately C$848,510.40. This trade represents a 8.40% decrease in their position. 18.67% of the stock is owned by insiders.

Alimentation Couche-Tard Stock Down 0.3%

Alimentation Couche-Tard stock opened at C$77.65 on Tuesday. The firm has a market cap of C$71.28 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.35 and a beta of 0.77. The stock has a fifty day simple moving average of C$83.48 and a two-hundred day simple moving average of C$83.12. Alimentation Couche-Tard has a 12 month low of C$68.30 and a 12 month high of C$95.15. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. The firm had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. Equities analysts predict that Alimentation Couche-Tard will post 4.04 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.2150 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard’s payout ratio is currently 17.49%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.