Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$86.00

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by National Bankshares from C$83.00 to C$86.00 in a research note published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts also recently weighed in on ATD. Stifel Nicolaus boosted their price target on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group upped their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Wednesday. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a report on Friday, September 12th. BMO Capital Markets upped their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a report on Wednesday. Finally, CIBC increased their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Buy” and a consensus price target of C$86.75.

Alimentation Couche-Tard Trading Down 0.1%

Shares of Alimentation Couche-Tard stock opened at C$76.33 on Wednesday. The firm’s 50 day simple moving average is C$72.47 and its two-hundred day simple moving average is C$71.62. 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 12-month low of C$65.95 and a 12-month 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.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Monday, November 24th. The company reported C$0.79 EPS for the quarter, topping the consensus estimate of C$0.74 by C$0.05. Alimentation Couche-Tard had a net margin of 3.53% and a return on equity of 18.96%. During the same quarter in the prior year, the company earned $0.74 earnings per share. Analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th will be given a $0.215 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $0.86 annualized dividend and a yield of 1.1%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. Alimentation Couche-Tard’s payout ratio 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.