Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report)’s share price hit a new 52-week low on Friday . The stock traded as low as C$72.22 and last traded at C$72.27, with a volume of 2147672 shares. The stock had previously closed at C$74.80.
Analysts Set New Price Targets
Several research analysts recently weighed in on ATD shares. National Bankshares dropped their target price on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. CIBC dropped their target price on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. Canaccord Genuity Group dropped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a report on Friday, September 6th. Desjardins dropped their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, Stifel Nicolaus upped their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Alimentation Couche-Tard has an average rating of “Moderate Buy” and an average target price of C$88.17.
Get Our Latest Report on Alimentation Couche-Tard
Alimentation Couche-Tard Stock Down 3.4 %
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The company had revenue of C$24.99 billion during the quarter, compared to analysts’ expectations of C$24.73 billion. On average, analysts predict that Alimentation Couche-Tard Inc. will post 4.0621562 earnings per share for the current year.
Alimentation Couche-Tard Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.70 dividend on an annualized basis and a yield of 0.97%. Alimentation Couche-Tard’s payout ratio is presently 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.
Featured Articles
- Five stocks we like better than Alimentation Couche-Tard
- CD Calculator: Certificate of Deposit Calculator
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Quiet Period Expirations Explained
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- Retail Stocks Investing, Explained
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Receive News & Ratings for Alimentation Couche-Tard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alimentation Couche-Tard and related companies with MarketBeat.com's FREE daily email newsletter.