Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$88.00

Alimentation Couche-Tard (TSE:ATD) had its target price raised by Scotiabank from C$84.00 to C$88.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus upped their price target on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a research note on Wednesday. National Bankshares boosted their price objective on 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. BMO Capital Markets raised their target price on Alimentation Couche-Tard from C$78.00 to C$79.00 in a report on Wednesday. TD Securities lifted their target price on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group increased their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Alimentation Couche-Tard currently has an average rating of “Buy” and a consensus target price of C$86.75.

Alimentation Couche-Tard Trading Down 0.1%

Shares of ATD stock opened at C$76.33 on Wednesday. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$83.73. The firm has a market cap of C$71.80 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.31. The company has a 50-day moving average of C$72.47 and a two-hundred day moving average of C$71.62. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last issued 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 period last year, the company posted $0.74 EPS. On average, analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Increases Dividend

The business also recently declared 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 of this dividend is Wednesday, December 3rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. Alimentation Couche-Tard’s dividend payout ratio is 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.