The analysts at Desjardins Research raised their forecasts for the earnings per share that Couche-Tard Alimentation Inc. (TSE: ATDQ1) would achieve in 2023 in a research note issued on August 28. The note was about Couche-Tard Alimentation Inc. (TSE:ATDQ1). In addition, analyst C. Li at Desjardins has revised his former projection of the company’s profits per share for the third quarter, upgrading it from $0.86 to $0.92. The change comes as a result of the company’s recent performance. Lately, predictions for Alimentation Couche-entire Tard’s financial year’s earnings per share have been averaging around $3.64, which is the company’s target.
Alimentation Couche-Q2 Tard is expected to earn $1.08 per share in the second quarter of 2023, $0.82 per share in the third quarter, and $0.59 per share in the fourth quarter, according to projections made by Desjardins. These projections were made regarding the earnings that are expected to be made by Alimentation Couche-Q2 Tard. The subject of ATD has been the focus of further articles that have been published. The Canadian Imperial Bank of Commerce (CIBC) stated its decision to raise its price objective for Alimentation Couche-Tard from $58.00 to $69.00 in a research note released on Thursday, August 25. JPMorgan Chase & Co. revealed in a research note that was made public on Monday that they would be raising their price objective for Alimentation Couche-Tard from $54.00 to $55.00 and that this change would take effect immediately.
Alimentation Couche-Tard was given a “outperform” rating by the Royal Bank of Canada in a research report published on Friday, May 20. Additionally, the bank increased its price target for the company’s stock from $73.00 to $77.00, moving it up from its previous price of $73.00. A research note dated May 25 and issued by Wells Fargo & Company reiterated a “outperform” rating on shares of Alimentation Couche-Tard while also assigning a price objective of $65.00 for the stock. In addition, the brokerage established a price target of $65.00 for the stock. Finally, BMO Capital Markets reported in a research note released on Thursday, August 18, that their target price for Alimentation Couche-Tard had been raised from $65.00 to $70.00. The letter was published in conjunction with the company’s earnings report. That is the third time the corporation has increased its prices in as many months.
The vast majority of financial analysts have suggested that investors purchase the company’s stock, and only one has indicated that investors keep the same amount of holdings they already have. According to the information provided by Bloomberg, the current rating for the company is a “Moderate Buy,” and the average price objective has been set at 65.60 Canadian dollars. When trading began on Tuesday, the price of TSE: ATD was 56.84 Canadian dollars. The company’s market capitalization is calculated to be 58.16 billion Canadian dollars, and the stock’s price-to-earnings ratio is 17.33. Over the last 50 days, the moving averages for the company are $55.24, and in the previous 200 days, they are $54.67.
In this example, the debt-to-equity ratio comes in at 76.17, the quick ratio comes in at 0.79, and the current balance sits at 1.22. The low point over the past year for the Alimentation Couche Tard was 45.23 Canadian Dollars, while the best point over the past year was 60.66 Canadian Dollars. Alimentation Couche-Tard (TSE: ATD) released its most recent quarterly earnings report on Tuesday, June 28. The announcement was made. The company’s earnings per share for the quarter came in at $0.70, which was $0.12 more than the average analyst expectation of $0.58. The payments were reported in Canadian dollars. The total quarterly revenue came in at $20.83 billion, which was much better than the experts’ average forecast of $19.89 billion. The dividend was dispersed.
On July 22, a dividend payment of $0.11 was issued to shareholders who were on record when the prize was declared. That results in a dividend payment of $0.44 yearly, corresponding to a dividend yield of 0.77% over a whole year. On Thursday, July 7, trading began without the dividend on the shares of Alimentation Couche-dividend Tard, which have a payout ratio (DPR) of 9.56%. The day that trading began without the prize was also the same. The company known as Alimentation Couche-Tard Inc. owns and operates a chain of convenience stores. In addition to selling fresh food, tobacco goods, groceries, candies and snacks, beer, wine, and drinks, the convenience stores owned by this company also provide gasoline for stationary engines, fuel for airplanes, and driving supplies. The corporation operates under various brand names, including Circle K, Couche-Tard, Holiday, Ingo, and Mac, to facilitate the management of its extensive chain of convenience stores.