Royal Bank Of Canada Reiterates “C$111.00” Price Target for Alimentation Couche-Tard (TSE:ATD)

Royal Bank Of Canada set a C$111.00 price target on Alimentation Couche-Tard (TSE:ATD) in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on the stock. TD boosted their price target on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Scotia decreased their price objective on shares of Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating for the company in a research note on Wednesday, August 19th. Raymond James Financial lifted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday, June 24th. Canadian Imperial Bank of Commerce boosted their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Finally, BMO Capital Markets upped their target price on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a report on Wednesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$101.40.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$83.36 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65. The stock has a market cap of C$76.52 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The stock’s fifty day simple moving average is C$90.14 and its two-hundred day simple moving average is C$83.66. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15.

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

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 23rd were given a dividend of $0.215 per share. The ex-dividend date was Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 1.0%. Alimentation Couche-Tard’s dividend payout ratio is presently 17.53%.

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