Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report)’s share price fell 1.6% during trading on Tuesday. The stock traded as low as C$81.26 and last traded at C$81.39. 1,180,999 shares changed hands during trading, a decline of 19% from the average daily volume of 1,462,291 shares. The stock had previously closed at C$82.71.
Wall Street Analysts Forecast Growth
ATD has been the subject of a number of analyst reports. Royal Bank Of Canada set a C$111.00 price target on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Raymond James Financial lowered their price objective on Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday, September 3rd. Scotia cut their price objective on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating on the stock in a research note on Thursday, September 3rd. Stifel Nicolaus cut their price objective on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Finally, TD reduced their target price on Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$99.13.
View Our Latest Stock Analysis on Alimentation Couche-Tard
Alimentation Couche-Tard Price Performance
The company has a market capitalization of C$73.87 billion, a P/E ratio of 23.39, a PEG ratio of 1.35 and a beta of 0.77. The stock’s fifty day simple moving average is C$81.08 and its 200-day simple moving average is C$82.09. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88.
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. The business had revenue of C$30.43 billion during the quarter. On average, equities analysts forecast that Alimentation Couche-Tard Inc. will post 4.04 earnings per share for the current fiscal year.
Alimentation Couche-Tard Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were given a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Alimentation Couche-Tard’s payout ratio is currently 17.49%.
Insider Activity at Alimentation Couche-Tard
In other news, Director Jean Bernier sold 946 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the completion of the transaction, the director directly owned 10,320 shares in the company, valued at C$848,510.40. The trade was a 8.40% decrease in their ownership of the stock. Also, Director Éric Boyko purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average price of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the acquisition, the director owned 47,300 shares of the company’s stock, 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
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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