JPMorgan Chase & Co. Raises Alimentation Couche-Tard (TSE:ATD) Price Target to C$87.00

Alimentation Couche-Tard (TSE:ATD) had its price target raised by JPMorgan Chase & Co. from C$83.00 to C$87.00 in a report issued on Thursday morning, BayStreet.CA reports.

Several other equities research analysts have also issued reports on ATD. National Bankshares dropped their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a research report on Friday, September 6th. CIBC dropped their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. Canaccord Genuity Group dropped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a research report on Friday, September 6th. Stifel Nicolaus increased their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday, September 6th. Finally, Desjardins dropped their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an outperform rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$88.17.

Alimentation Couche-Tard Stock Up 0.3 %

Shares of TSE ATD opened at C$76.09 on Thursday. Alimentation Couche-Tard has a 12-month low of C$68.93 and a 12-month high of C$87.27. The company has a market capitalization of C$72.13 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. The firm’s 50-day moving average is C$79.68 and its two-hundred day moving average is C$78.54.

Alimentation Couche-Tard (TSE:ATD) last announced 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 net margin of 3.73% and a return on equity of 19.72%. The firm had revenue of C$23.88 billion for the quarter, compared to analysts’ expectations of C$23.13 billion. Equities analysts anticipate that Alimentation Couche-Tard will post 4.0335958 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, September 13th. Alimentation Couche-Tard’s payout ratio is 18.42%.

Alimentation Couche-Tard Company Profile

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.