Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$100.87

Alimentation Couche-Tard Inc. (TSE:ATD) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$100.87.

A number of brokerages have recently issued reports on ATD. National Bank Financial lifted their price target on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. BMO Capital Markets increased their price objective on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a research note on Wednesday, June 24th. Canadian Imperial Bank of Commerce raised their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. Royal Bank Of Canada lifted their target price on shares of Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Canaccord Genuity Group increased their target price on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th.

Alimentation Couche-Tard Trading Up 0.9%

Shares of Alimentation Couche-Tard stock opened at C$89.66 on Thursday. The firm has a market capitalization of C$82.30 billion, a PE ratio of 26.61, a P/E/G ratio of 1.35 and a beta of 0.66. Alimentation Couche-Tard has a twelve month low of C$68.30 and a twelve month high of C$95.15. The firm’s 50-day moving average price is C$85.88 and its 200 day moving average price is C$81.22. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%. On average, sell-side analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 23rd were issued a $0.215 dividend. The ex-dividend date was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Alimentation Couche-Tard’s dividend payout ratio is presently 17.53%.

About Alimentation Couche-Tard

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.