Analysts Set Alimentation Couche-Tard Inc. (TSE:ATD) PT at C$101.20

Alimentation Couche-Tard Inc. (TSE:ATD) has received an average recommendation of “Moderate Buy” from the thirteen analysts 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 12 month price objective among brokers that have issued ratings on the stock in the last year is C$101.00.

A number of equities research analysts have weighed in on ATD shares. Scotia decreased their target price on shares of Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating for the company in a research note on Wednesday. Canaccord Genuity Group raised their price target on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Stifel Nicolaus lifted their price objective on Alimentation Couche-Tard from C$93.00 to C$102.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. BMO Capital Markets upped their price objective on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a research report on Wednesday, June 24th. Finally, Canadian Imperial Bank of Commerce increased their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$87.98 on Monday. The company has a 50 day moving average price of C$89.95 and a 200-day moving average price of C$83.28. Alimentation Couche-Tard has a 52 week low of C$68.30 and a 52 week high of C$95.15. The firm has a market capitalization of C$80.76 billion, a PE ratio of 26.11, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 101.65.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data 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%. As a group, equities research analysts expect that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared 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. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 9th. Alimentation Couche-Tard’s payout ratio is currently 17.53%.

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