Alimentation Couche-Tard (TSE:ATD) Stock Price Up 0% – Here’s Why

Alimentation Couche-Tard Inc. (TSE:ATD)’s stock price was up 0% during trading on Tuesday . The company traded as high as C$80.71 and last traded at C$79.68. Approximately 825,274 shares changed hands during trading, a decline of 44% from the average daily volume of 1,477,520 shares. The stock had previously closed at C$79.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ATD shares. Royal Bank Of Canada increased their price objective on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. TD Securities increased their price objective on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Stifel Nicolaus increased their price objective on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Raymond James Financial upped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research note on Thursday, March 19th. Finally, National Bank Financial upped their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Ten analysts have rated the stock with a Buy rating and two have assigned 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$92.42.

Alimentation Couche-Tard Price Performance

The stock has a fifty day moving average price of C$79.64 and a 200-day moving average price of C$76.23. The company has a market cap of C$73.16 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share (EPS) for the quarter. The company had revenue of C$29.74 billion during the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%. On average, equities analysts expect that Alimentation Couche-Tard Inc. will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were issued a $0.215 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio is presently 19.81%.

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.