Alimentation Couche-Tard (TSE:ATD) Shares Up 0.4%

Alimentation Couche-Tard Inc. (TSE:ATD) shares shot up 0.4% on Wednesday . The stock traded as high as C$83.10 and last traded at C$82.85. 1,078,185 shares traded hands during trading, a decline of 26% from the average session volume of 1,457,081 shares. The stock had previously closed at C$82.49.

Analyst Upgrades and Downgrades

ATD has been the subject of a number of research reports. CIBC increased their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Canaccord Genuity Group cut their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. Stifel Nicolaus cut their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. National Bankshares increased their target price on shares of Alimentation Couche-Tard from C$83.00 to C$84.00 and gave the stock a “sector perform” rating in a research report on Friday, June 14th. Finally, Desjardins cut their target price on shares of Alimentation Couche-Tard from C$86.00 to C$85.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$86.75.

Alimentation Couche-Tard Price Performance

The stock has a market capitalization of C$79.46 billion, a PE ratio of 20.05, a P/E/G ratio of 1.35 and a beta of 0.85. The firm’s 50 day simple moving average is C$79.24 and its 200 day simple moving average is C$79.27. The company has a debt-to-equity ratio of 111.10, a current ratio of 0.86 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 EPS for the quarter, missing the consensus estimate of C$0.67 by C($0.02). The business had revenue of C$23.88 billion for the quarter, compared to analysts’ expectations of C$23.13 billion. Alimentation Couche-Tard had a return on equity of 23.19% and a net margin of 4.34%. As a group, equities analysts forecast that Alimentation Couche-Tard Inc. will post 4.343894 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, July 5th. Alimentation Couche-Tard’s dividend payout ratio is 16.99%.

Alimentation Couche-Tard Company Profile

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.