Alimentation Couche-Tard (TSE:ATD) Given a C$95.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a C$95.00 price objective on Alimentation Couche-Tard (TSE:ATD) in a research note published on Thursday,BayStreet.CA reports. The firm currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. Canadian Imperial Bank of Commerce cut their price target on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a research report on Thursday, March 19th. Raymond James Financial raised their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research report on Thursday, March 19th. Canaccord Genuity Group set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a research report on Thursday, March 19th. TD Securities increased their target price on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, National Bank Financial raised their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$92.42.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$78.20 on Thursday. The company has a market capitalization of C$72.39 billion, a P/E ratio of 27.06, a PEG ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. Alimentation Couche-Tard has a 52-week low of C$66.93 and a 52-week high of C$85.59. The company has a fifty day moving average price of C$79.56 and a 200-day moving average price of C$75.34.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Tuesday, March 17th. The company reported C$1.10 EPS for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%.The firm had revenue of C$29.74 billion for the quarter. As a group, equities analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, April 9th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, March 26th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 19.81%.

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.