Alimentation Couche-Tard (TSE:ATD) Given New C$83.00 Price Target at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its target price cut by Canaccord Genuity Group from C$85.00 to C$83.00 in a research note published on Friday morning, BayStreet.CA reports.

Several other research firms have also commented on ATD. Desjardins decreased their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an outperform rating on the stock in a report on Thursday, September 5th. CIBC decreased their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday. National Bankshares reduced their price objective on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research note on Friday. Finally, Royal Bank of Canada lowered their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$87.50.

Alimentation Couche-Tard Stock Up 1.4 %

Shares of ATD opened at C$77.92 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 109.56. The stock has a market capitalization of C$74.54 billion, a PE ratio of 20.56, a P/E/G ratio of 1.35 and a beta of 0.90. The firm’s 50 day moving average is C$80.31 and its 200-day moving average is C$79.06. Alimentation Couche-Tard has a 12 month low of C$68.93 and a 12 month high of C$87.27.

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

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) 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.