Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Target Price at C$101.20

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$101.40.

A number of research firms have commented on ATD. Canaccord Genuity Group increased their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. National Bank Financial boosted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. TD upped their target price on shares of Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Raymond James Financial increased their price target on shares of Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday, June 24th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at C$85.66 on Monday. The stock has a market cap of C$78.63 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. 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 stock has a 50 day moving average of C$90.01 and a 200-day moving average of C$83.47. Alimentation Couche-Tard has a 52 week low of C$68.30 and a 52 week high of C$95.15.

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

Alimentation Couche-Tard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 23rd were paid a dividend of $0.215 per share. The ex-dividend date was Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 1.0%. Alimentation Couche-Tard’s dividend payout ratio is presently 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.