Desjardins Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by Desjardins from C$84.00 to C$85.00 in a research note released on Wednesday,BayStreet.CA reports.

Several other research analysts have also recently issued reports on the stock. CIBC cut their price target on shares of Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. JPMorgan Chase & Co. increased their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. 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, September 5th. Canaccord Genuity Group increased their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Finally, National Bankshares raised their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday. 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 a consensus price target of C$87.67.

Alimentation Couche-Tard Trading Up 4.3 %

Shares of ATD stock opened at C$82.47 on Wednesday. The company has a market capitalization of C$78.18 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. 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 business’s 50 day moving average is C$75.35 and its two-hundred day moving average is C$77.75. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last posted 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. 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 net margin of 3.73% and a return on equity of 19.72%. Equities analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

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

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.