Shares of Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report) have earned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$99.13.
ATD has been the subject of several research reports. Stifel Nicolaus lowered their target price on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. TD cut their price target on Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Canadian Imperial Bank of Commerce set a C$93.00 price target on Alimentation Couche-Tard and gave the company a “hold” rating in a report on Thursday, October 22nd. Royal Bank Of Canada set a C$111.00 price target on Alimentation Couche-Tard and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Finally, Scotia lowered their price objective 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.
Read Our Latest Report on Alimentation Couche-Tard
Insider Activity
In other news, Director Jean Bernier sold 946 shares of Alimentation Couche-Tard 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 transaction of C$77,780.12. Following the completion of the sale, the director owned 10,320 shares in the company, 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 company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average cost of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the purchase, the director owned 47,300 shares of the company’s stock, valued at C$3,800,082. The trade was a 11.82% increase in their ownership of the stock. 18.67% of the stock is currently owned by company insiders.
Alimentation Couche-Tard Price Performance
Shares of ATD stock opened at C$84.70 on Friday. Alimentation Couche-Tard has a 1 year low of C$68.30 and a 1 year high of C$95.15. The firm’s 50 day moving average is C$80.66 and its 200-day moving average is C$82.28. The firm has a market capitalization of C$77.75 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.35 and a beta of 0.77. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19.
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share 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 during the quarter. Sell-side analysts forecast that Alimentation Couche-Tard will post 4.04 EPS for the current fiscal year.
Alimentation Couche-Tard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.2150 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 11th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 17.49%.
Alimentation Couche-Tard Company Profile
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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