Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$92.42 Average Price Target from Analysts

Alimentation Couche-Tard Inc. (TSE:ATD) has received an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$92.42.

ATD has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. Stifel Nicolaus lifted their price target on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. TD Securities lifted their price target on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. set a C$95.00 price target on Alimentation Couche-Tard and gave the company an “overweight” rating in a research report on Thursday, March 26th. Finally, Desjardins lifted their price target on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the company a “buy” rating in a research report on Thursday, February 12th.

Alimentation Couche-Tard Trading Down 0.9%

Shares of ATD opened at C$77.95 on Friday. The business has a 50-day moving average of C$79.07 and a 200 day moving average of C$76.44. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$85.59. The firm has a market cap of C$71.58 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%.The company had revenue of C$29.74 billion during the quarter. As a group, research analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, April 9th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 19.81%.

About Alimentation Couche-Tard

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.