Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$86.77

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$86.77.

Several equities research analysts recently commented on ATD shares. TD Securities dropped their price objective on Alimentation Couche-Tard from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Wells Fargo & Company reduced their price target on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. National Bank Financial downgraded shares of Alimentation Couche-Tard from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, March 21st. National Bankshares cut shares of Alimentation Couche-Tard from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$89.00 to C$83.00 in a report on Friday, March 22nd. Finally, BMO Capital Markets reduced their price objective on Alimentation Couche-Tard from C$91.00 to C$89.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd.

Alimentation Couche-Tard Trading Up 0.1 %

TSE ATD opened at C$77.81 on Friday. The stock’s 50 day moving average is C$80.13 and its 200 day moving average is C$78.43. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 111.10. The firm has a market capitalization of C$74.84 billion, a PE ratio of 18.89, a P/E/G ratio of 1.35 and a beta of 0.87. Alimentation Couche-Tard has a twelve month low of C$63.29 and a twelve month high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Wednesday, March 20th. The company reported C$0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.26). Alimentation Couche-Tard had a net margin of 4.34% and a return on equity of 23.19%. The business had revenue of C$26.51 billion for the quarter, compared to analysts’ expectations of C$28.03 billion. Research analysts forecast that Alimentation Couche-Tard will post 4.4592199 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 28th. Alimentation Couche-Tard’s payout ratio is 16.99%.

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.