Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Price Target at C$100.87

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$100.87.

Several brokerages recently commented on ATD. Royal Bank Of Canada raised their price objective on Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Desjardins boosted their target price on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Raymond James Financial increased their price target on Alimentation Couche-Tard from C$90.00 to C$105.00 in a report on Wednesday, June 24th. Stifel Nicolaus raised their price target on Alimentation Couche-Tard from C$93.00 to C$102.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Scotia lifted their price objective on Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the company a “sector outperform” rating in a report on Wednesday, June 24th.

Alimentation Couche-Tard Stock Up 0.2%

Shares of TSE:ATD opened at C$88.82 on Thursday. The company has a 50 day moving average price of C$85.65 and a two-hundred day moving average price of C$81.06. The company has a debt-to-equity ratio of 101.65, a quick ratio of 0.88 and a current ratio of 1.12. The company has a market capitalization of C$81.53 billion, a PE ratio of 26.36, a PEG ratio of 1.35 and a beta of 0.66. Alimentation Couche-Tard has a 52 week low of C$68.30 and a 52 week high of C$95.15.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. Analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 23rd were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 9th. Alimentation Couche-Tard’s dividend payout ratio is presently 17.53%.

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.