Alimentation Couche-Tard Inc. (TSE:ATD) Stock Has Consensus Price Target of C$99.13 According to Analysts

Alimentation Couche-Tard Inc. (TSE:ATD) has earned an average recommendation of “Buy” from the twelve analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$99.13.

ATD has been the subject of several research reports. TD dropped their price objective on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Royal Bank Of Canada set a C$111.00 price objective on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. BMO Capital Markets raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Raymond James Financial lowered their price objective on Alimentation Couche-Tard from C$105.00 to C$100.00 in a research report on Thursday, September 3rd. Finally, Scotia lowered their price target on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating on the stock in a report on Thursday, September 3rd.

Insider Activity

In related news, Director Jean Bernier sold 946 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 10,320 shares in the company, valued at C$848,510.40. This represents a 8.40% decrease in their position. Also, Director Éric Boyko bought 5,000 shares of Alimentation Couche-Tard stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the purchase, the director owned 47,300 shares in the company, valued at approximately C$3,800,082. This trade represents a 11.82% increase in their position. 18.67% of the stock is currently owned by corporate insiders.

Alimentation Couche-Tard Stock Down 0.5%

Shares of TSE ATD opened at C$83.20 on Friday. Alimentation Couche-Tard has a 12-month low of C$68.30 and a 12-month high of C$95.15. 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$76.37 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The firm’s 50-day simple moving average is C$80.64 and its 200 day simple moving average is C$82.38.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. The firm had revenue of C$30.43 billion for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. On average, research analysts expect that Alimentation Couche-Tard will post 4.04 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 Friday, September 25th. Stockholders of record on Friday, September 25th were given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 11th. Alimentation Couche-Tard’s payout ratio is presently 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.