Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report) has received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$99.73.
A number of equities research analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. National Bank Financial dropped their price target on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Thursday, September 3rd. Raymond James Financial cut their price target on Alimentation Couche-Tard from C$105.00 to C$100.00 in a research note on Thursday, September 3rd. Canadian Imperial Bank of Commerce lifted their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd.
Get Our Latest Research Report on Alimentation Couche-Tard
Alimentation Couche-Tard Stock Performance
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%.The firm had revenue of C$30.43 billion during the quarter. As a group, equities analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.
Alimentation Couche-Tard Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 17.49%.
Insider Activity
In other Alimentation Couche-Tard news, Director Éric Boyko purchased 5,000 shares of Alimentation Couche-Tard stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average price of C$80.34 per share, for a total transaction of C$401,700.00. Following the acquisition, the director owned 47,300 shares in the company, valued at C$3,800,082. This trade represents a 11.82% increase in their position. Also, Director Jean Bernier sold 946 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the completion of the sale, the director directly owned 10,320 shares of the company’s stock, valued at C$848,510.40. The trade was a 8.40% decrease in their position. Insiders own 18.67% of the company’s stock.
About Alimentation Couche-Tard
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.
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