Alimentation Couche-Tard (TSE:ATD) Trading Up 0.9%

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) traded up 0.9% during trading on Monday . The company traded as high as C$76.55 and last traded at C$76.08. 1,762,332 shares changed hands during trading, an increase of 28% from the average session volume of 1,371,534 shares. The stock had previously closed at C$75.43.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of Alimentation Couche-Tard from C$94.00 to C$89.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. TD Securities decreased their target price on Alimentation Couche-Tard from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Scotiabank lowered their target price on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Desjardins reduced their target price on shares of Alimentation Couche-Tard from C$90.00 to C$86.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, BMO Capital Markets decreased their price target on shares of Alimentation Couche-Tard from C$91.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and an average target price of C$86.77.

Alimentation Couche-Tard Trading Up 0.9 %

The business’s 50-day simple moving average is C$80.60 and its two-hundred day simple moving average is C$78.20. The firm has a market capitalization of C$73.17 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.35 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 111.10.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Wednesday, March 20th. The company reported C$0.88 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.26). Alimentation Couche-Tard had a return on equity of 23.19% and a net margin of 4.34%. The company had revenue of C$26.51 billion for the quarter, compared to analysts’ expectations of C$28.03 billion. Equities analysts forecast that Alimentation Couche-Tard Inc. will post 4.4592199 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.92%. Alimentation Couche-Tard’s payout ratio is presently 16.99%.

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.