Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$85.00 by Analysts at National Bankshares

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

ATD has been the subject of several other research reports. Royal Bank of Canada decreased their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday. Canaccord Genuity Group decreased their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a buy rating for the company in a report on Thursday, June 27th. Desjardins dropped their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an outperform rating on the stock in a report on Thursday. CIBC increased their price target on Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the company an outperform rating in a report on Thursday, June 27th. Finally, Stifel Nicolaus lifted their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$87.50.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD opened at C$76.86 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 109.56. The company has a market cap of C$73.53 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. Alimentation Couche-Tard has a 12 month low of C$68.93 and a 12 month high of C$87.27. The company has a 50-day moving average price of C$80.29 and a 200-day moving average price of C$79.20.

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

Alimentation Couche-Tard Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.70 dividend on an annualized basis and a yield of 0.91%. 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.