Alimentation Couche-Tard (TSE:ATD) Price Target Increased to C$87.00 by Analysts at JPMorgan Chase & Co.

Alimentation Couche-Tard (TSE:ATD) had its target price raised by JPMorgan Chase & Co. from C$83.00 to C$87.00 in a research report released on Thursday, BayStreet.CA reports.

A number of other research analysts also recently commented on ATD. Stifel Nicolaus increased their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday, September 6th. Royal Bank of Canada cut their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday, September 5th. Desjardins decreased their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an outperform rating for the company in a research report on Thursday, September 5th. Canaccord Genuity Group cut their price target on Alimentation Couche-Tard from C$85.00 to C$83.00 in a research report on Friday, September 6th. Finally, National Bankshares decreased their price objective on Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$88.17.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$75.89 on Thursday. The business’s fifty day moving average price is C$79.79 and its 200 day moving average price is C$78.62. Alimentation Couche-Tard has a 12-month low of C$68.93 and a 12-month high of C$87.27. The company has a market capitalization of C$71.94 billion, a PE ratio of 19.97, a P/E/G ratio of 1.35 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data 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). Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The company had revenue of C$23.88 billion during the quarter, compared to analysts’ expectations of C$23.13 billion. On average, sell-side analysts anticipate that Alimentation Couche-Tard will post 4.0335958 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 18.42%.

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.