Alimentation Couche-Tard (TSE:ATD) PT Lowered to C$85.00 at National Bankshares

Alimentation Couche-Tard (TSE:ATD) had its target price trimmed by National Bankshares from C$86.00 to C$85.00 in a research note published on Friday morning, BayStreet.CA reports.

Several other brokerages have also commented on ATD. CIBC raised their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the stock an outperform rating in a report on Thursday, June 27th. Royal Bank of Canada reduced their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. Stifel Nicolaus boosted their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday. Canaccord Genuity Group decreased their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a buy rating for the company in a research note on Thursday, June 27th. Finally, Desjardins dropped their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an outperform rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Alimentation Couche-Tard currently has an average rating of Moderate Buy and a consensus price target of C$87.50.

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock opened at C$77.92 on Friday. The stock has a market capitalization of C$74.54 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. Alimentation Couche-Tard has a one year low of C$68.93 and a one year high of C$87.27. The company has a debt-to-equity ratio of 109.56, a current ratio of 0.95 and a quick ratio of 0.88. The business’s 50 day simple moving average is C$80.31 and its two-hundred day simple moving average is C$79.06.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Tuesday, June 25th. The company reported C$0.65 EPS for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.02). The business had revenue of C$23.88 billion for the quarter, compared to the consensus estimate of C$23.13 billion. Alimentation Couche-Tard had a net margin of 3.94% and a return on equity of 21.13%. Analysts forecast that Alimentation Couche-Tard will post 4.0130276 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.175 per share. The ex-dividend date is Friday, September 13th. This represents a $0.70 annualized dividend and a yield of 0.90%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 18.47%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.