Scotia Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$104.00

Alimentation Couche-Tard (TSE:ATD) had its price target decreased by Scotia from C$107.00 to C$104.00 in a research report report published on Wednesday morning,BayStreet.CA reports. Scotia currently has a sector outperform rating on the stock.

A number of other analysts have also issued reports on ATD. TD increased their target price on Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. National Bank Financial lifted their price target on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Stifel Nicolaus upped their price target on Alimentation Couche-Tard from C$93.00 to C$102.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Desjardins increased their price objective on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada increased their price objective on Alimentation Couche-Tard from C$106.00 to C$111.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and a consensus target price of C$101.40.

Alimentation Couche-Tard Stock Down 0.5%

ATD stock opened at C$85.66 on Wednesday. Alimentation Couche-Tard has a 52-week low of C$68.30 and a 52-week high of C$95.15. The company’s 50 day simple moving average is C$90.01 and its 200-day simple moving average is C$83.40. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.12 and a quick ratio of 0.88. The firm has a market capitalization of C$78.63 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. As a group, equities research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 23rd were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, July 9th. Alimentation Couche-Tard’s dividend payout ratio is currently 17.53%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.