Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$88.17 Consensus PT from Analysts

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

Several brokerages recently issued reports on ATD. Royal Bank of Canada decreased their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. Canaccord Genuity Group decreased their target price on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their price target on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th. CIBC cut their price target on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research note on Friday, September 6th. Finally, Stifel Nicolaus boosted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$72.27 on Friday. The firm has a market cap of C$68.51 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.35 and a beta of 0.89. The firm’s fifty day moving average is C$77.21 and its 200 day moving average is C$77.80. Alimentation Couche-Tard has a 52 week low of C$72.22 and a 52 week high of C$87.27. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, topping the consensus estimate 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 company had revenue of C$24.99 billion for the quarter, compared to the consensus estimate 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 business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, September 13th. Alimentation Couche-Tard’s payout ratio is currently 18.47%.

About Alimentation Couche-Tard

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.