Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$79.00

Alimentation Couche-Tard (TSE:ATD) had its price objective lifted by BMO Capital Markets from C$78.00 to C$79.00 in a research report report published on Wednesday,BayStreet.CA reports.

ATD has been the subject of a number of other reports. CIBC increased their price target on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. Stifel Nicolaus lifted their target price on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. National Bankshares boosted their price target on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Royal Bank Of Canada cut their price objective on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$86.75.

Alimentation Couche-Tard Stock Down 0.1%

TSE:ATD opened at C$76.33 on Wednesday. The firm has a market capitalization of C$71.80 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.35 and a beta of 0.31. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$83.73. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The business’s fifty day moving average price is C$72.47 and its 200 day moving average price is C$71.62.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Monday, November 24th. The company reported C$0.79 EPS for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.05. Alimentation Couche-Tard had a return on equity of 18.96% and a net margin of 3.53%.During the same quarter last year, the firm posted $0.74 earnings per share. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. This represents a $0.86 annualized dividend and a yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 20.27%.

About Alimentation Couche-Tard

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.