Alimentation Couche-Tard (TSE:ATD) Sets New 1-Year High – Here’s What Happened

Alimentation Couche-Tard Inc. (TSE:ATD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$92.34 and last traded at C$91.15, with a volume of 642659 shares changing hands. The stock had previously closed at C$82.26.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATD shares. Raymond James Financial increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research note on Thursday, March 19th. Canadian Imperial Bank of Commerce decreased their target price on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. Scotia raised their price target on Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the stock a “sector outperform” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. set a C$95.00 price objective on Alimentation Couche-Tard and gave the company an “overweight” rating in a research note on Thursday, March 26th. Finally, Canaccord Genuity Group set a C$91.00 price objective on Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Thursday, March 19th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and an average price target of C$92.69.

Alimentation Couche-Tard Stock Performance

The company has a market cap of C$83.79 billion, a PE ratio of 31.57, a P/E/G ratio of 1.35 and a beta of 0.74. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. The stock’s 50-day simple moving average is C$79.49 and its 200 day simple moving average is C$78.19.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. As a group, equities analysts anticipate that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were given a dividend of $0.215 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.86 annualized dividend and a yield of 0.9%. Alimentation Couche-Tard’s payout ratio is presently 19.81%.

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.