Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$90.00

Alimentation Couche-Tard (TSE:ATD) had its price objective upped by TD Securities from C$89.00 to C$90.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Scotiabank upped their price target on Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Royal Bank Of Canada lowered their target price on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating on the stock in a report on Wednesday, September 3rd. National Bankshares raised their price target on Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Stifel Nicolaus boosted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group increased their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Wednesday. Two research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$86.75.

Alimentation Couche-Tard Stock Down 0.1%

Shares of TSE ATD opened at C$76.33 on Wednesday. The stock has a market capitalization of C$71.80 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.31. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$83.73. The firm has a 50-day moving average price of C$72.47 and a 200 day moving average price of C$71.62. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Monday, November 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $0.74 earnings per share. Equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 17th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio is 20.27%.

Alimentation Couche-Tard Company Profile

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.