Alimentation Couche-Tard Inc. (TSE:ATD) Stock Has Average Target Price of C$99.73 According to Analysts

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$99.73.

ATD has been the subject of a number of recent analyst reports. Scotia lowered their price target on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating for the company in a research report on Thursday, September 3rd. National Bank Financial decreased their target price on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating for the company in a report on Thursday, September 3rd. Desjardins raised their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Stifel Nicolaus cut their price target on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Finally, Royal Bank Of Canada set a C$111.00 price objective on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research report on Wednesday, September 2nd.

Insider Transactions at Alimentation Couche-Tard

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

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock opened at C$77.87 on Tuesday. The company’s fifty day simple moving average is C$83.75 and its two-hundred day simple moving average is C$83.16. Alimentation Couche-Tard has a 12-month low of C$68.30 and a 12-month high of C$95.15. The firm has a market cap of C$71.48 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.35 and a beta of 0.77. 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 issued its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 EPS for the quarter. The firm had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. As a group, equities analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a dividend of $0.2150 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard’s payout ratio is presently 17.49%.

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.