Alimentation Couche-Tard (TSE:ATD) Trading Up 0.3% - Should You Buy?

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) shares traded up 0.3% on Thursday . The company traded as high as C$68.42 and last traded at C$68.32. 817,518 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,309,402 shares. The stock had previously closed at C$68.10.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ATD. CIBC lowered their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating for the company in a report on Thursday, March 20th. TD Securities raised their price objective on Alimentation Couche-Tard from C$82.00 to C$85.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating for the company in a research note on Tuesday, June 10th. Jefferies Financial Group cut their target price on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Finally, Stifel Nicolaus reduced their price target on Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a report on Friday, June 27th. Ten investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$83.92.

Alimentation Couche-Tard Price Performance

The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The business's 50 day moving average price is C$70.37 and its 200 day moving average price is C$71.85. The stock has a market capitalization of C$50.12 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 21st will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, July 7th. Alimentation Couche-Tard's dividend payout ratio (DPR) is presently 18.26%.

About Alimentation Couche-Tard

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.