Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$86.77 Average PT from Brokerages

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$86.77.

A number of research firms recently issued reports on ATD. Scotiabank lowered their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. CIBC upped their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. National Bankshares cut shares of Alimentation Couche-Tard from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$89.00 to C$83.00 in a research report on Friday, March 22nd. Wells Fargo & Company lowered their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, BMO Capital Markets lowered their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$89.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock opened at C$77.38 on Friday. The company has a 50 day moving average of C$79.88 and a 200-day moving average of C$78.41. Alimentation Couche-Tard has a 1-year low of C$63.29 and a 1-year high of C$87.27. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 111.10. The company has a market cap of C$74.42 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings data on Wednesday, March 20th. The company reported C$0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.26). The company had revenue of C$26.51 billion for the quarter, compared to analyst estimates of C$28.03 billion. Alimentation Couche-Tard had a return on equity of 23.19% and a net margin of 4.34%. As a group, equities research analysts forecast that Alimentation Couche-Tard will post 4.4592199 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given 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 was Thursday, March 28th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 16.99%.

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.