Alimentation Couche-Tard (TSE:ATD) Hits New 12-Month High at $72.18

Alimentation Couche-Tard Inc. (TSE:ATD) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$72.18 and last traded at C$72.02, with a volume of 791473 shares trading hands. The stock had previously closed at C$70.66.

Analyst Ratings Changes

Several research analysts have commented on ATD shares. Stifel Nicolaus increased their price objective on shares of Alimentation Couche-Tard from C$74.00 to C$76.00 in a report on Thursday, June 29th. BMO Capital Markets set a C$75.00 price target on Alimentation Couche-Tard and gave the company an “outperform” rating in a report on Wednesday, August 23rd. National Bankshares upped their price objective on Alimentation Couche-Tard from C$74.00 to C$78.00 and gave the stock an “outperform” rating in a report on Monday, August 28th. Wells Fargo & Company raised their target price on shares of Alimentation Couche-Tard from C$70.00 to C$75.00 in a report on Thursday, June 29th. Finally, TD Securities upped their price target on shares of Alimentation Couche-Tard from C$74.00 to C$76.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Buy” and a consensus price target of C$76.00.

Alimentation Couche-Tard Price Performance

The stock has a 50 day moving average of C$67.83 and a 200-day moving average of C$66.46. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 76.09. The stock has a market capitalization of C$70.70 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91.

Alimentation Couche-Tard (TSE:ATD) last released its earnings results on Tuesday, June 27th. The company reported C$0.96 earnings per share for the quarter, topping the consensus estimate of C$0.60 by C$0.36. The business had revenue of C$22.06 billion during the quarter, compared to the consensus estimate of C$20.97 billion. Alimentation Couche-Tard had a return on equity of 24.73% and a net margin of 4.30%. On average, equities research analysts anticipate that Alimentation Couche-Tard Inc. will post 3.8797606 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, July 6th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 13.46%.

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.