Alimentation Couche-Tard (TSE:ATD) Trading 0% Higher - Should You Buy?

Key Points

• Shares were essentially flat, last trading at C$79.68 (intraday high C$80.71) on volume down about 44% versus the average, with the 50- and 200-day moving averages at C$79.64 and C$76.23 respectively.
• Analysts are broadly positive: the consensus rating is “Moderate Buy” (10 Buys, 2 Holds) with an average price target of C$92.42 and several firms raising targets to as high as C$100.
• Recent fundamentals show quarterly EPS of C$1.10, revenue of C$29.74B, a P/E of ~27.6, market cap of C$73.16B, and an annualized dividend of C$0.86 (yield ~1.1%); debt-to-equity is ~101%.

Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) rose 0% on Tuesday . The stock traded as high as C$80.71 and last traded at C$79.68. Approximately 825,274 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,477,520 shares. The stock had previously closed at C$79.65.

Wall Street Analyst Weigh In

ATD has been the subject of several research analyst reports. Raymond James Financial upped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a report on Thursday, March 19th. Canaccord Genuity Group set a C$91.00 price objective on shares of Alimentation Couche-Tard and gave the stock a "buy" rating in a report on Thursday, March 19th. Desjardins upped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. TD Securities upped their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. set a C$95.00 target price on Alimentation Couche-Tard and gave the stock an "overweight" rating in a research report on Thursday, March 26th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$92.42.

Alimentation Couche-Tard Stock Up 0.0%

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 company has a market capitalization of C$73.16 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.35 and a beta of 0.72. The stock's fifty day simple moving average is C$79.64 and its two-hundred day simple moving average is C$76.23.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported C$1.10 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. The company had revenue of C$29.74 billion during the quarter. On average, sell-side analysts anticipate that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th. Alimentation Couche-Tard's dividend payout ratio is presently 19.81%.

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.

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