Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$87.00

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by BMO Capital Markets from C$85.00 to C$87.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on ATD. JPMorgan Chase & Co. lifted their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. Desjardins lifted their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$85.00 in a report on Wednesday. National Bankshares lifted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday. Royal Bank of Canada reduced their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Finally, Stifel Nicolaus boosted their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$87.67.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock opened at C$82.47 on Wednesday. Alimentation Couche-Tard has a fifty-two week low of C$71.31 and a fifty-two week high of C$87.27. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. The firm has a market capitalization of C$78.18 billion, a P/E ratio of 21.31, a P/E/G ratio of 1.35 and a beta of 0.89. The company’s 50 day moving average price is C$75.35 and its two-hundred day moving average price is C$77.75.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The business had revenue of C$24.99 billion during the quarter, compared to the consensus estimate of C$24.73 billion. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 18.09%.

About Alimentation Couche-Tard

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.