JPMorgan Chase & Co. Raises Alimentation Couche-Tard (TSE:ATD) Price Target to C$87.00

Alimentation Couche-Tard (TSE:ATD) had its price target upped by JPMorgan Chase & Co. from C$83.00 to C$87.00 in a research note released on Thursday, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group lowered their price target on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a report on Friday, September 6th. Royal Bank of Canada cut their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Desjardins decreased their price target 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, September 5th. CIBC dropped their price objective on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research note on Friday, September 6th. Finally, National Bankshares decreased their target price on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research note on Friday, September 6th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of Moderate Buy and a consensus target price of C$88.17.

Alimentation Couche-Tard Price Performance

TSE ATD opened at C$76.09 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The company has a market cap of C$72.13 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. Alimentation Couche-Tard has a 52 week low of C$68.93 and a 52 week high of C$87.27. The firm’s 50-day simple moving average is C$79.68 and its two-hundred day simple moving average is C$78.50.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 earnings per share for the quarter, missing the consensus estimate of C$0.67 by C($0.02). The company had revenue of C$23.88 billion during the quarter, compared to analysts’ expectations of C$23.13 billion. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. Research analysts predict that Alimentation Couche-Tard will post 4.0408922 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued 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 dividend yield of 0.92%. Alimentation Couche-Tard’s payout ratio is 18.37%.

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.