Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$99.73 Average Price Target from Analysts

Alimentation Couche-Tard Inc. (TSE:ATD) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$99.73.

Several research analysts recently weighed in on ATD shares. Royal Bank Of Canada set a C$111.00 target price on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. 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. Scotia dropped their price target on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 3rd. BMO Capital Markets cut their price objective on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating on the stock in a report on Thursday, September 3rd. Finally, Canaccord Genuity Group lifted their price objective on 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.

Insider Activity at Alimentation Couche-Tard

In other Alimentation Couche-Tard news, Director Éric Boyko purchased 5,000 shares of Alimentation Couche-Tard stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the transaction, the director directly owned 47,300 shares in the company, valued at approximately C$3,800,082. This represents a 11.82% increase in their position. Also, Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the transaction, the director directly owned 10,320 shares in the company, valued at approximately C$848,510.40. This trade represents a 8.40% decrease in their ownership of the stock. Company insiders own 18.67% of the company’s stock.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$79.67 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 92.19. The company has a market cap of C$73.13 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a fifty-two week low of C$68.30 and a fifty-two week high of C$95.15. The firm’s 50 day moving average is C$87.86 and its two-hundred day moving average is C$83.52.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The company had revenue of C$30.43 billion for the quarter. Analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Alimentation Couche-Tard’s dividend payout ratio is 17.49%.

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.