Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Target Price at C$88.17

Alimentation Couche-Tard Inc. (TSE:ATD) has been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$88.17.

Several research firms have commented on ATD. JPMorgan Chase & Co. raised their price objective on Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. National Bankshares dropped their price target on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research report on Friday, September 6th. CIBC decreased their price objective on Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. Stifel Nicolaus increased their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. Finally, Desjardins cut their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th.

Alimentation Couche-Tard Trading Down 3.4 %

Shares of ATD stock opened at C$72.27 on Friday. The company has a market cap of C$68.51 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 1 year low of C$72.22 and a 1 year high of C$87.27. The stock’s 50 day simple moving average is C$77.21 and its two-hundred day simple moving average is C$77.80. 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 released its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The firm had revenue of C$24.99 billion during the quarter, compared to analysts’ expectations of C$24.73 billion. Research analysts predict that Alimentation Couche-Tard will post 4.0621562 earnings per share for the current year.

Alimentation Couche-Tard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, September 13th. This represents a $0.70 annualized dividend and a dividend yield of 0.97%. Alimentation Couche-Tard’s dividend payout ratio is presently 18.47%.

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.