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

Alimentation Couche-Tard Inc. (TSE:ATD) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$88.17.

A number of research firms have recently weighed in on ATD. Canaccord Genuity Group lowered their target price on Alimentation Couche-Tard from C$85.00 to C$83.00 in a research note on Friday, September 6th. Royal Bank of Canada lowered their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. CIBC lowered their target price on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research note on Friday, September 6th. National Bankshares reduced their price target on Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. boosted their price target on Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th.

Alimentation Couche-Tard Trading Up 0.6 %

Shares of ATD stock opened at C$76.80 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The business has a 50-day moving average price of C$74.65 and a two-hundred day moving average price of C$77.51. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The firm has a market cap of C$72.81 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.11 by C$0.02. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. The firm had revenue of C$24.99 billion during the quarter, compared to analyst estimates of C$24.73 billion. Equities analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.70 annualized dividend and a yield of 0.91%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 18.09%.

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.