Alimentation Couche-Tard (TSE:ATD) Shares Down 1.8% – Should You Sell?

Alimentation Couche-Tard Inc. (TSE:ATD)’s stock price was down 1.8% during trading on Monday . The company traded as low as C$74.95 and last traded at C$75.47. Approximately 1,682,564 shares traded hands during trading, an increase of 30% from the average daily volume of 1,295,253 shares. The stock had previously closed at C$76.87.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATD. Scotiabank boosted their price objective on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Jefferies Financial Group lifted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Wednesday, November 26th. Stifel Nicolaus increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. TD Securities lifted their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Finally, Desjardins set a C$85.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Alimentation Couche-Tard has an average rating of “Moderate Buy” and an average price target of C$86.75.

Alimentation Couche-Tard Price Performance

The stock’s fifty day moving average price is C$73.92 and its two-hundred day moving average price is C$72.70. The firm has a market capitalization of C$69.87 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.35 and a beta of 0.32. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.215 per share. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 20.29%.

About Alimentation Couche-Tard

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.