Canadian Imperial Bank of Commerce Analysts Give Alimentation Couche-Tard (TSE:ATD) a C$93.00 Price Target

by · The Cerbat Gem

Canadian Imperial Bank of Commerce set a C$93.00 price target on Alimentation Couche-Tard (TSE:ATD – Free Report) in a research report released on Thursday,BayStreet reports. The firm currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their price target on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. BMO Capital Markets lowered their price objective on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating on the stock in a research report on Thursday, September 3rd. Royal Bank Of Canada set a C$111.00 price objective on Alimentation Couche-Tard and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. National Bank Financial dropped their price objective on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating for the company in a research note on Thursday, September 3rd. Finally, Scotia reduced their target price on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating for the company in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$99.13.

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Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at C$83.33 on Thursday. The firm’s 50 day simple moving average is C$81.44 and its 200 day simple moving average is C$83.40. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19. The firm has a market capitalization of C$76.49 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.35 and a beta of 0.77. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15.

Alimentation Couche-Tard (TSE:ATD – Get Free Report) last posted its earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The business had revenue of C$30.43 billion for the quarter. As a group, analysts expect that Alimentation Couche-Tard will post 4.04 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were given a dividend of $0.2150 per share. The ex-dividend date was Friday, September 11th. This represents a $0.86 annualized dividend and a yield of 1.0%. Alimentation Couche-Tard’s payout ratio is presently 17.49%.

Insider Activity at Alimentation Couche-Tard

In other Alimentation Couche-Tard news, Director Jean Bernier sold 946 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$82.22, for a total value of C$77,780.12. Following the completion of the transaction, the director 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. Also, Director Éric Boyko purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of C$80.34 per share, for a total transaction of C$401,700.00. Following the acquisition, the director directly owned 47,300 shares in the company, valued at approximately C$3,800,082. The trade was a 11.82% increase in their ownership of the stock. Insiders own 18.67% of the company’s stock.

About Alimentation Couche-Tard

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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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