National Bankshares Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$85.00

Alimentation Couche-Tard (TSE:ATD) had its price target decreased by National Bankshares from C$86.00 to C$85.00 in a research note issued to investors on Friday, BayStreet.CA reports.

A number of other equities analysts have also recently commented on ATD. Stifel Nicolaus lifted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday. Royal Bank of Canada lowered their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday. Desjardins cut their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an outperform rating on the stock in a research report on Thursday. Canaccord Genuity Group lowered their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a buy rating for the company in a report on Thursday, June 27th. Finally, CIBC upped their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the company an outperform rating in a report on Thursday, June 27th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of Moderate Buy and a consensus price target of C$87.50.

Alimentation Couche-Tard Trading Up 1.9 %

Shares of Alimentation Couche-Tard stock opened at C$76.86 on Friday. The firm has a market cap of C$73.53 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.35 and a beta of 0.90. The business has a 50-day moving average price of C$80.29 and a 200-day moving average price of C$79.20. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 109.56. Alimentation Couche-Tard has a twelve month low of C$68.93 and a twelve month high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Tuesday, June 25th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.67 by C($0.02). Alimentation Couche-Tard had a return on equity of 21.13% and a net margin of 3.94%. The firm had revenue of C$23.88 billion for the quarter, compared to analysts’ expectations of C$23.13 billion. Equities research analysts anticipate that Alimentation Couche-Tard will post 4.0130276 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio is currently 18.47%.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.