Alimentation Couche-Tard (TSE:ATD) Shares Up 1.4% – Here’s Why

Alimentation Couche-Tard Inc. (TSE:ATD) was up 1.4% during trading on Thursday . The company traded as high as C$75.12 and last traded at C$74.80. Approximately 1,365,918 shares traded hands during trading, a decline of 9% from the average daily volume of 1,504,422 shares. The stock had previously closed at C$73.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. Stifel Nicolaus lifted their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Desjardins decreased their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. National Bankshares lowered their price target on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research report on Friday, September 6th. Finally, Canaccord Genuity Group reduced their price objective on Alimentation Couche-Tard from C$85.00 to C$83.00 in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and a consensus target price of C$88.17.

Alimentation Couche-Tard Stock Performance

The firm has a market cap of C$70.91 billion, a P/E ratio of 19.74, a PEG ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The firm has a fifty day moving average of C$77.56 and a 200-day moving average of C$77.85.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a net margin of 3.73% and a return on equity of 19.72%. The firm had revenue of C$24.99 billion for the quarter, compared to analysts’ expectations of C$24.73 billion. Research analysts predict that Alimentation Couche-Tard Inc. will post 4.0621562 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, September 13th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 18.47%.

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.