National Bankshares Raises Alimentation Couche-Tard (TSE:ATD) Price Target to C$84.00

Alimentation Couche-Tard (TSE:ATD) had its price objective hoisted by National Bankshares from C$83.00 to C$84.00 in a research note published on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity Group lowered their price target on Alimentation Couche-Tard from C$94.00 to C$89.00 and set a buy rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. lowered their price target on Alimentation Couche-Tard from C$80.00 to C$79.00 in a report on Wednesday, March 13th. National Bank Financial downgraded Alimentation Couche-Tard from an outperform overweight rating to a sector perform overweight rating in a report on Thursday, March 21st. CIBC increased their price objective on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an outperform rating in a report on Friday, March 22nd. Finally, TD Securities decreased their price objective on Alimentation Couche-Tard from C$94.00 to C$90.00 and set a buy rating for the company in a report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$86.85.

Alimentation Couche-Tard Trading Down 3.8 %

TSE ATD opened at C$75.90 on Friday. The stock has a 50-day simple moving average of C$77.06 and a 200 day simple moving average of C$78.75. The company has a market capitalization of C$73.00 billion, a PE ratio of 18.42, a P/E/G ratio of 1.35 and a beta of 0.85. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 111.10. Alimentation Couche-Tard has a 12 month low of C$63.29 and a 12 month high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings results on Wednesday, March 20th. The company reported C$0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.14 by C($0.26). Alimentation Couche-Tard had a return on equity of 23.19% and a net margin of 4.34%. The business had revenue of C$26.51 billion during the quarter, compared to the consensus estimate of C$28.03 billion. Research analysts forecast that Alimentation Couche-Tard will post 4.343894 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.175 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.70 annualized dividend and a yield of 0.92%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 16.99%.

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.