Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$99.73 Consensus PT from Analysts

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$99.73.

A number of research firms recently commented on ATD. Royal Bank Of Canada set a C$111.00 price target on Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. National Bank Financial lowered their target price on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a report on Thursday, September 3rd. Canadian Imperial Bank of Commerce upped their target price on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. Stifel Nicolaus cut their target price on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Finally, Raymond James Financial reduced their price target on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday, September 3rd.

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock opened at C$79.87 on Friday. The stock’s 50-day simple moving average is C$87.39 and its 200-day simple moving average is C$83.48. Alimentation Couche-Tard has a 52 week low of C$68.30 and a 52 week high of C$95.15. The company has a market capitalization of C$73.32 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.35 and a beta of 0.67. The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 92.19.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%.The firm had revenue of C$30.43 billion during the quarter. As a group, analysts expect that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 17.49%.

Insider Transactions at Alimentation Couche-Tard

In other news, Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$82.22, for a total value of C$77,780.12. Following the sale, the director directly owned 10,320 shares of the company’s stock, valued at approximately C$848,510.40. The trade was a 8.40% decrease in their ownership of the stock. Also, Director Éric Boyko bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average price of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the transaction, the director directly owned 47,300 shares of the company’s stock, valued at C$3,800,082. This represents a 11.82% increase in their position. Company insiders own 18.67% of the company’s stock.

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.