CIBC Increases Alimentation Couche-Tard (TSE:ATD) Price Target to C$89.00

Alimentation Couche-Tard (TSE:ATD) had its target price lifted by CIBC from C$88.00 to C$89.00 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on ATD. 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 raised their target price on Alimentation Couche-Tard from C$84.00 to C$85.00 in a report on Wednesday. Canaccord Genuity Group upped their price target on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$87.67.

Alimentation Couche-Tard Stock Performance

Shares of ATD opened at C$82.47 on Wednesday. The company has a market capitalization of C$78.18 billion, a PE ratio of 21.31, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00. The company’s 50 day moving average price is C$75.35 and its 200 day moving average price is C$77.75. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share for the quarter, topping the consensus estimate of C$1.11 by C$0.02. The company had revenue of C$24.99 billion for the quarter, compared to analyst estimates of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. Research analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 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.