Alimentation Couche-Tard (TSE:ATD) Stock Price Up 1.4% – Here’s What Happened

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) traded up 1.4% during mid-day trading on Thursday . The stock traded as high as C$75.12 and last traded at C$74.80. 1,365,918 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 1,504,422 shares. The stock had previously closed at C$73.79.

Wall Street Analyst Weigh In

ATD has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. CIBC lowered their price target on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. JPMorgan Chase & Co. increased their price objective on Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. Desjardins lowered their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Finally, National Bankshares cut their price target on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Moderate Buy” and an average target price of C$88.17.

Alimentation Couche-Tard Stock Performance

The company has a fifty day moving average of C$77.21 and a two-hundred day moving average of C$77.79. The firm has a market capitalization of C$68.51 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 earnings per share for the quarter, topping the consensus estimate of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion for the quarter, compared to analysts’ expectations of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. As a group, equities research analysts predict that Alimentation Couche-Tard Inc. will post 4.0621562 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio is currently 18.47%.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.