Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$89.00 at CIBC

Alimentation Couche-Tard (TSE:ATD) had its target price upped by CIBC from C$88.00 to C$89.00 in a report released on Wednesday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on ATD. National Bankshares lifted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday. Canaccord Genuity Group boosted their price target on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Royal Bank of Canada lowered their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Desjardins lifted their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$87.67.

Alimentation Couche-Tard Stock Up 4.3 %

TSE:ATD opened at C$82.47 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. The stock has a 50 day moving average of C$75.35 and a 200-day moving average of C$77.75. The firm has a market capitalization of C$78.18 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share for the quarter, topping the consensus estimate of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion for the quarter, compared to analyst estimates of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. Analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, September 13th. Alimentation Couche-Tard’s payout ratio is 18.09%.

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.