Alimentation Couche-Tard (TSE:ATD) Hits New 12-Month High – What’s Next?

Alimentation Couche-Tard Inc. (TSE:ATD)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$84.84 and last traded at C$84.63, with a volume of 205241 shares changing hands. The stock had previously closed at C$83.80.

Wall Street Analysts Forecast Growth

ATD has been the topic of several recent research reports. Royal Bank Of Canada lifted their price objective on Alimentation Couche-Tard from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. BMO Capital Markets raised their target price on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. TD Securities boosted their price target on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce increased their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Jefferies Financial Group lifted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$91.17.

Alimentation Couche-Tard Stock Up 1.7%

The firm has a market cap of C$78.87 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 1.35 and a beta of 0.28. The business’s 50-day moving average is C$76.19 and its 200-day moving average is C$73.59. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 17th were issued a dividend of $0.215 per share. 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 1.0%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. Alimentation Couche-Tard’s payout ratio is 20.29%.

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.