Alimentation Couche-Tard (TSE:ATD) Given New C$88.00 Price Target at Stifel Nicolaus

Alimentation Couche-Tard (TSE:ATD) had its price target boosted by Stifel Nicolaus from C$86.00 to C$88.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

ATD has been the topic of a number of other reports. Royal Bank of Canada reduced their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday. CIBC upped their price objective on 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. Desjardins lowered their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an outperform rating for the company in a research note on Thursday. Canaccord Genuity Group cut their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set a buy rating on the stock in a research note on Thursday, June 27th. Finally, National Bankshares lifted their price objective on Alimentation Couche-Tard from C$84.00 to C$86.00 and gave the stock a sector perform rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alimentation Couche-Tard currently has an average rating of Moderate Buy and an average target price of C$87.50.

Alimentation Couche-Tard Stock Performance

ATD opened at C$76.86 on Friday. The stock has a 50-day moving average of C$80.29 and a 200-day moving average of C$79.20. Alimentation Couche-Tard has a 52-week low of C$68.93 and a 52-week high of C$87.27. The company has a debt-to-equity ratio of 109.56, a quick ratio of 0.88 and a current ratio of 0.95. The company has a market cap of C$73.53 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90.

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

Alimentation Couche-Tard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, September 13th. Alimentation Couche-Tard’s payout ratio is currently 18.47%.

About Alimentation Couche-Tard

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.