Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$87.73

Alimentation Couche-Tard Inc. (TSE:ATD) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$87.73.

ATD has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. CIBC upped their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. BMO Capital Markets lifted their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Royal Bank of Canada reduced their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Finally, Desjardins raised their target price on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research report on Wednesday, November 27th.

Alimentation Couche-Tard Trading Up 1.4 %

Shares of TSE:ATD opened at C$83.03 on Friday. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The company has a market capitalization of C$78.71 billion, a PE ratio of 21.45, a PEG ratio of 1.35 and a beta of 0.89. The business has a 50 day moving average of C$75.61 and a two-hundred day moving average of C$77.85. 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 results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$24.99 billion during the quarter, compared to the consensus estimate of C$24.73 billion. As a group, analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th will be given a dividend of $0.195 per share. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, December 4th. This represents a $0.78 dividend on an annualized basis and a yield of 0.94%. 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.