BMO Capital Markets Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective boosted by BMO Capital Markets from C$78.00 to C$79.00 in a research note released on Wednesday,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. CIBC lifted their price target on Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Jefferies Financial Group boosted their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Wednesday. Scotiabank raised their target price on Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group upgraded Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Buy” and a consensus price target of C$86.75.

Alimentation Couche-Tard Price Performance

ATD opened at C$75.73 on Wednesday. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$83.73. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The company has a market capitalization of C$71.23 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.35 and a beta of 0.31. The firm’s fifty day moving average price is C$72.32 and its two-hundred day moving average price is C$71.54.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Monday, November 24th. The company reported C$0.79 EPS for the quarter, beating the consensus estimate of C$0.74 by C$0.05. Alimentation Couche-Tard had a net margin of 3.53% and a return on equity of 18.96%. During the same period in the prior year, the company earned $0.74 earnings per share. As a group, analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a $0.195 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.78 annualized dividend and a dividend yield of 1.0%. Alimentation Couche-Tard’s payout ratio is presently 20.27%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.