Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Target Price at C$101.20

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$101.40.

Several research firms have commented on ATD. Scotia reduced their price objective on Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating on the stock in a report on Wednesday. TD boosted their price target on Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a “buy” rating in a research report 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 research report on Wednesday, June 24th. BMO Capital Markets boosted their target price on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the stock a “market perform” rating in a report on Wednesday, June 24th. Finally, Stifel Nicolaus decreased their price target on shares of Alimentation Couche-Tard from C$110.00 to C$108.00 and set a “buy” rating for the company in a research report on Thursday.

Alimentation Couche-Tard Price Performance

TSE ATD opened at C$85.66 on Monday. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.12 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15. The stock has a market capitalization of C$78.63 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.35 and a beta of 0.67. The business’s fifty day moving average price is C$90.01 and its 200-day moving average price is C$83.40.

Alimentation Couche-Tard (TSE:ATD) last announced 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 net margin of 4.11% and a return on equity of 20.01%. On average, equities analysts predict that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

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