Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$111.00

Alimentation Couche-Tard (TSE:ATD) had its price target raised by Royal Bank Of Canada from C$106.00 to C$111.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on ATD. Canaccord Genuity Group lifted their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. National Bank Financial upped their target price on shares of Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Stifel Nicolaus increased their target price on Alimentation Couche-Tard from C$93.00 to C$102.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. BMO Capital Markets raised their price target on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a research report on Wednesday, June 24th. Finally, Raymond James Financial lifted their price target on Alimentation Couche-Tard from C$90.00 to C$105.00 in a research note on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$101.20.

Alimentation Couche-Tard Trading Up 1.4%

Shares of ATD opened at C$91.01 on Wednesday. The firm’s 50 day simple moving average is C$86.85 and its 200 day simple moving average is C$81.62. The company has a market capitalization of C$83.54 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.35 and a beta of 0.66. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.12 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15.

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

Alimentation Couche-Tard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 23rd were paid a $0.215 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. Alimentation Couche-Tard’s dividend payout ratio is 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.