Alimentation Couche-Tard (TSE:ATD) Reaches New 12-Month Low – What’s Next?

Alimentation Couche-Tard Inc. (TSE:ATD)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$71.98 and last traded at C$72.00, with a volume of 1519341 shares changing hands. The stock had previously closed at C$73.47.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ATD. National Bankshares decreased 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. Royal Bank of Canada dropped their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday, September 5th. CIBC reduced their price objective on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. Stifel Nicolaus boosted their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. raised their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.17.

Alimentation Couche-Tard Trading Down 2.0 %

The business’s 50 day simple moving average is C$76.07 and its 200 day simple moving average is C$77.67. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. The company has a market capitalization of C$68.26 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, beating the consensus estimate of C$1.11 by C$0.02. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. The firm had revenue of C$24.99 billion during the quarter, compared to the consensus estimate of C$24.73 billion. Research analysts anticipate that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.175 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.70 annualized dividend and a yield of 0.97%. Alimentation Couche-Tard’s dividend payout ratio is currently 18.09%.

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.