Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$94.00

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by Desjardins from C$96.00 to C$94.00 in a research report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

ATD has been the topic of several other research reports. CIBC raised their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the company an outperform rating in a research note on Thursday, June 27th. Stifel Nicolaus reduced their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set a buy rating for the company in a research report on Thursday, June 27th. National Bankshares raised their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$86.00 and gave the company a sector perform rating in a research report on Tuesday, August 27th. Royal Bank of Canada reduced their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday. Finally, Canaccord Genuity Group decreased their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a buy rating for the company in a report on Thursday, June 27th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$87.50.

Alimentation Couche-Tard Trading Up 1.9 %

TSE ATD opened at C$76.86 on Thursday. Alimentation Couche-Tard has a 12 month low of C$68.93 and a 12 month high of C$87.27. The company has a debt-to-equity ratio of 109.56, a current ratio of 0.95 and a quick ratio of 0.88. The company has a market capitalization of C$73.53 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. The company’s fifty day moving average price is C$80.29 and its two-hundred day moving average price is C$79.16.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.02). Alimentation Couche-Tard had a return on equity of 21.13% and a net margin of 3.94%. The business had revenue of C$23.88 billion during the quarter, compared to the consensus estimate of C$23.13 billion. As a group, research analysts predict that Alimentation Couche-Tard will post 4.0130276 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio is presently 18.47%.

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.