Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$85.00

Alimentation Couche-Tard (TSE:ATD) had its price objective increased by Desjardins from C$84.00 to C$85.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. Desjardins also issued estimates for Alimentation Couche-Tard’s FY2026 earnings at $4.59 EPS.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada decreased their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Canaccord Genuity Group upped their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. National Bankshares increased their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. Finally, CIBC dropped their price objective on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$87.67.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at C$81.91 on Wednesday. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The company has a market capitalization of C$77.65 billion, a P/E ratio of 21.17, a PEG ratio of 1.35 and a beta of 0.89. The stock’s 50 day moving average is C$75.61 and its 200 day moving average is C$77.83.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion for the quarter, compared to analysts’ expectations of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. On average, equities research analysts predict that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.78 annualized dividend and a dividend yield of 0.95%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. Alimentation Couche-Tard’s dividend payout ratio is presently 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.