Alimentation Couche-Tard (TSE:ATD) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Alimentation Couche-Tard Inc. (TSE:ATD) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$82.28 and traded as high as C$85.02. Alimentation Couche-Tard shares last traded at C$84.70, with a volume of 1,652,396 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ATD shares. 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 report on Thursday, September 3rd. 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. BMO Capital Markets raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. National Bank Financial reduced their target price on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating for the company in a research note on Thursday, September 3rd. Finally, 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 research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$99.13.

Alimentation Couche-Tard Stock Down 0.5%

The company has a market capitalization of C$76.37 billion, a P/E ratio of 24.19, a PEG ratio of 1.35 and a beta of 1.01. The firm’s 50 day moving average price is C$80.64 and its two-hundred day moving average price is C$82.38. 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) last announced its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 EPS for the quarter. The business had revenue of C$30.43 billion for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. Equities research analysts forecast that Alimentation Couche-Tard Inc. will post 4.04 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, September 11th. Alimentation Couche-Tard’s dividend payout ratio is currently 17.49%.

Insider Activity

In related news, Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$82.22, for a total value of C$77,780.12. Following the sale, the director owned 10,320 shares of the company’s stock, valued at approximately C$848,510.40. The trade was a 8.40% decrease in their ownership of the stock. Also, Director Éric Boyko bought 5,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of C$80.34 per share, for a total transaction of C$401,700.00. Following the transaction, 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 position. 18.67% of the stock is owned by company insiders.

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.