Alimentation Couche-Tard (TSE:ATD) Shares Down 2.5% - Here's Why

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) shares traded down 2.5% on Monday . The stock traded as low as C$70.03 and last traded at C$70.18. 1,447,119 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 1,397,303 shares. The stock had previously closed at C$72.00.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ATD shares. Scotiabank lowered their price objective on shares of Alimentation Couche-Tard from C$80.00 to C$78.00 and set an "outperform" rating on the stock in a research note on Friday, June 27th. National Bankshares dropped their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Canaccord Genuity Group reduced their target price on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a research note on Friday, June 20th. TD Securities lifted their target price on Alimentation Couche-Tard from C$82.00 to C$85.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus cut 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 equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$83.92.

Alimentation Couche-Tard Stock Up 0.3%

The firm has a market cap of C$46.81 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.35 and a beta of 0.89. The business's 50-day moving average is C$71.41 and its 200-day moving average is C$71.44. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 21st were given a $0.195 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.78 annualized dividend and a yield of 1.1%. Alimentation Couche-Tard's payout ratio is presently 18.26%.

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.