Jean Bernier Sells 946 Shares of Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard Inc. (TSE:ATDGet Free Report) Director Jean Bernier sold 946 shares of the business’s stock in a transaction 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 transaction, 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.

Alimentation Couche-Tard Stock Down 0.1%

Shares of TSE ATD opened at C$79.89 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 92.19. The firm has a market cap of C$73.34 billion, a PE ratio of 23.22, a P/E/G ratio of 1.35 and a beta of 0.67. The company’s fifty day simple moving average is C$88.71 and its 200 day simple moving average is C$83.63. Alimentation Couche-Tard Inc. has a 12-month low of C$68.30 and a 12-month high of C$95.15.

Alimentation Couche-Tard (TSE:ATDGet Free Report) last posted 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 firm had revenue of C$30.43 billion during the quarter. As a group, sell-side analysts forecast that Alimentation Couche-Tard Inc. will post 4.0410959 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Alimentation Couche-Tard’s payout ratio is presently 17.49%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ATD shares. Desjardins increased their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Scotia cut their target price on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating on the stock in a report on Thursday, September 3rd. TD reduced their price target on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Raymond James Financial lowered their price objective on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday, September 3rd. Finally, National Bank Financial reduced their price objective on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating for the company in a report on Thursday, September 3rd. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and an average price target of C$99.73.

View Our Latest Report on Alimentation Couche-Tard

About Alimentation Couche-Tard

(Get Free Report)

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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