Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$87.50

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$88.17.

A number of research firms recently weighed in on ATD. Canaccord Genuity Group decreased their price target on Alimentation Couche-Tard from C$85.00 to C$83.00 in a research report on Friday, September 6th. Stifel Nicolaus raised their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. Desjardins cut their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. CIBC decreased their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday.

Alimentation Couche-Tard Stock Performance

Shares of ATD opened at C$76.09 on Monday. Alimentation Couche-Tard has a 12-month low of C$68.93 and a 12-month high of C$87.27. The stock has a market capitalization of C$72.13 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.35 and a beta of 0.90. The firm’s 50 day moving average is C$79.68 and its 200-day moving average is C$78.50. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.67 by C($0.02). The company had revenue of C$23.88 billion during the quarter, compared to the consensus estimate of C$23.13 billion. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. Equities research analysts anticipate that Alimentation Couche-Tard will post 4.0408922 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 18.37%.

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.