Analysts Set Alimentation Couche-Tard Inc. (TSE:ATD) PT at C$100.87

Alimentation Couche-Tard Inc. (TSE:ATD) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$101.20.

Several equities research analysts have recently weighed in on ATD shares. TD upped their target price on Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. National Bank Financial raised their target price on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Canadian Imperial Bank of Commerce boosted their price target on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. Royal Bank Of Canada upped their price target on Alimentation Couche-Tard from C$106.00 to C$111.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, UBS Group increased their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Down 1.1%

Shares of Alimentation Couche-Tard stock opened at C$90.93 on Thursday. Alimentation Couche-Tard has a twelve month low of C$68.30 and a twelve month high of C$95.15. The stock has a market cap of C$83.47 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.35 and a beta of 0.66. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65. The company has a fifty day moving average price of C$86.38 and a 200 day moving average price of C$81.45.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%. Equities research analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 23rd were paid a $0.215 dividend. The ex-dividend date was Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. Alimentation Couche-Tard’s dividend payout ratio is 17.53%.

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.