Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$87.50 Consensus PT from Brokerages

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$87.50.

Several brokerages have commented on ATD. Desjardins lowered their price objective on shares of 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. National Bankshares lowered their price target on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. Stifel Nicolaus boosted their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Canaccord Genuity Group cut their price target on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a research report on Friday, September 6th. Finally, Royal Bank of Canada cut their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday, September 5th.

Alimentation Couche-Tard Stock Up 0.1 %

TSE ATD opened at C$75.38 on Monday. 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 has a 1-year low of C$68.93 and a 1-year high of C$87.27. The company has a 50 day moving average of C$79.89 and a 200-day moving average of C$78.64. The company has a market cap of C$71.46 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.35 and a beta of 0.90.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$23.88 billion during the quarter, compared to analyst estimates of C$23.13 billion. On average, equities research analysts expect that Alimentation Couche-Tard will post 4.0335958 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.70 annualized dividend and a dividend yield of 0.93%. Alimentation Couche-Tard’s dividend payout ratio is currently 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.