Alimentation Couche-Tard (TSE:ATD) Given New C$85.00 Price Target at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its target price raised by Desjardins from C$84.00 to C$85.00 in a report released on Wednesday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Royal Bank of Canada decreased their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday, September 5th. CIBC dropped their target price on Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. National Bankshares lifted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.67.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$82.47 on Wednesday. The firm has a 50 day moving average of C$75.35 and a two-hundred day moving average of C$77.75. The stock has a market capitalization of C$78.18 billion, a PE ratio of 21.31, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion during the quarter, compared to analyst estimates of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. On average, research analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 18.09%.

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.