Alimentation Couche-Tard (TSE:ATD) Trading 2.2% Higher - Time to Buy?

Key Points

• Alimentation Couche-Tard's shares rose by 2.2%, trading at C$74.95 after closing at C$73.35, with a notable decrease in trading volume.
• Multiple analysts have raised their price targets for the stock, with estimates ranging from C$80.00 to C$89.00, and an overall average target price of C$85.31.
• The company recently declared a quarterly dividend of $0.195, yielding 1.0% annually, with a payout ratio of 20.27%.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) shares shot up 2.2% on Friday . The company traded as high as C$75.17 and last traded at C$74.95. 1,100,188 shares were traded during mid-day trading, a decline of 22% from the average session volume of 1,417,263 shares. The stock had previously closed at C$73.35.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. National Bankshares increased their target price on Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. TD Securities raised their target price on shares of Alimentation Couche-Tard from C$85.00 to C$89.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Desjardins decreased their price target on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Finally, The Goldman Sachs Group raised shares of Alimentation Couche-Tard to a "hold" rating in a research note on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$85.31.

Alimentation Couche-Tard Trading Up 2.2%

The company has a 50-day moving average price of C$72.28 and a two-hundred day moving average price of C$71.44. The stock has a market cap of C$70.50 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.35 and a beta of 0.37. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were paid a $0.195 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.78 annualized dividend and a dividend yield of 1.0%. Alimentation Couche-Tard's dividend payout ratio is currently 20.27%.

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.

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