National Bank Financial Brokers Increase Earnings Estimates for Alimentation Couche-Tard Inc. (TSE:ATD)

Alimentation Couche-Tard Inc. (TSE:ATD – Get Rating) – Research analysts at National Bank Financial raised their FY2022 earnings estimates for Alimentation Couche-Tard in a research note issued to investors on Sunday, May 1st. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $3.21 for the year, up from their prior forecast of $3.19. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for Alimentation Couche-Tard’s FY2023 earnings at $3.21 EPS.

ATD has been the topic of several other reports. TD Securities raised their price target on Alimentation Couche-Tard from C$60.00 to C$62.00 and gave the company a “buy” rating in a research report on Thursday, March 17th. CIBC lowered their price target on Alimentation Couche-Tard from C$57.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Thursday, March 17th. Canaccord Genuity Group raised Alimentation Couche-Tard from a “hold” rating to a “buy” rating and raised their price target for the company from C$51.00 to C$61.00 in a research report on Thursday, March 17th. Scotiabank raised their price target on Alimentation Couche-Tard from C$64.00 to C$66.00 in a research report on Thursday, March 17th. Finally, BMO Capital Markets increased their target price on shares of Alimentation Couche-Tard from C$59.00 to C$65.00 in a research note on Thursday, March 17th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$61.00.

Shares of TSE:ATD opened at C$58.11 on Tuesday. The firm has a market capitalization of C$60.18 billion and a P/E ratio of 17.60. The company has a 50-day simple moving average of C$53.66. Alimentation Couche-Tard has a 52-week low of C$41.05 and a 52-week high of C$59.60. The company has a current ratio of 1.42, a quick ratio of 0.91 and a debt-to-equity ratio of 74.91.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, April 7th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 23rd. Alimentation Couche-Tard’s payout ratio is presently 8.93%.

Alimentation Couche-Tard Company Profile (Get Rating)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's banners.

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