Alimentation Couche-Tard (TSE:ATD) Stock Price Breaks Below 200-Day Moving Average – Time to Sell?

Alimentation Couche-Tard Inc. (TSE:ATD) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$82.06 and traded as low as C$81.26. Alimentation Couche-Tard shares last traded at C$81.39, with a volume of 1,180,999 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ATD shares. TD cut their price objective on Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Scotia lowered their target price on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 3rd. BMO Capital Markets upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Royal Bank Of Canada set a C$111.00 target price on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$99.13.

Alimentation Couche-Tard Price Performance

The company has a 50 day simple moving average of C$81.27 and a 200 day simple moving average of C$82.06. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19. The stock has a market cap of C$74.71 billion, a P/E ratio of 23.66, a PEG ratio of 1.35 and a beta of 0.77.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Tuesday, September 1st. The company reported C$1.26 EPS 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 Inc. will post 4.04 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were given a dividend of $0.2150 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. Alimentation Couche-Tard’s payout ratio is 17.49%.

Insider Activity at Alimentation Couche-Tard

In related news, 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 directly owned 10,320 shares in the company, valued at approximately 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 company’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the transaction, the director directly owned 47,300 shares of the company’s stock, valued at approximately C$3,800,082. This represents a 11.82% increase in their position. Corporate 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.