Alimentation Couche-Tard Inc. (TSE:ATD) Stock Has Consensus Target Price of C$99.13 According to Brokerages

Alimentation Couche-Tard Inc. (TSE:ATD) has received a consensus rating of “Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$99.13.

Several analysts have issued reports on the stock. Royal Bank Of Canada set a C$111.00 price target on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Canadian Imperial Bank of Commerce set a C$93.00 price objective on shares of Alimentation Couche-Tard and gave the company a “hold” rating in a research report on Thursday, October 22nd. 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. Scotia lowered their price target on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating on the stock in a research report on Thursday, September 3rd. Finally, Raymond James Financial dropped their price objective on Alimentation Couche-Tard from C$105.00 to C$100.00 in a research note on Thursday, September 3rd.

Alimentation Couche-Tard Trading Up 1.4%

Shares of Alimentation Couche-Tard stock opened at C$82.14 on Friday. Alimentation Couche-Tard has a 12-month low of C$68.30 and a 12-month high of C$95.15. The stock has a market cap of C$75.40 billion, a P/E ratio of 23.88, a P/E/G 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. The business’s 50 day moving average is C$80.76 and its 200-day moving average is C$82.19.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. The business 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%. Equities research analysts predict that Alimentation Couche-Tard will post 4.04 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were paid a $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, September 11th. Alimentation Couche-Tard’s dividend payout ratio is 17.49%.

Insiders Place Their Bets

In other Alimentation Couche-Tard news, Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction on 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 completion of the transaction, the director directly owned 10,320 shares of the company’s stock, valued at C$848,510.40. The trade was a 8.40% decrease in their ownership of the stock. Also, Director Éric Boyko acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the acquisition, the director owned 47,300 shares of the company’s stock, valued at approximately C$3,800,082. The trade was a 11.82% increase in their ownership of the stock. 18.67% of the stock is currently owned by corporate insiders.

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.