Alimentation Couche-Tard (TSE:ATD) Shares Cross Above 200 Day Moving Average - What's Next?

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$82.55 and traded as high as C$83.57. Alimentation Couche-Tard shares last traded at C$82.85, with a volume of 1,065,259 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada set a C$111.00 target price on shares of Alimentation Couche-Tard and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Canadian Imperial Bank of Commerce set a C$93.00 price target on Alimentation Couche-Tard and gave the stock a "hold" rating in a research note on Thursday, October 22nd. BMO Capital Markets raised Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Scotia decreased their price target on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a "sector outperform" rating on the stock in a report on Thursday, September 3rd. Finally, Raymond James Financial lowered their price objective on Alimentation Couche-Tard from C$105.00 to C$100.00 in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Alimentation Couche-Tard has an average rating of "Buy" and an average price target of C$99.13.

Alimentation Couche-Tard Price Performance

The firm has a market capitalization of C$76.05 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.35 and a beta of 1.01. The stock's 50 day simple moving average is C$80.60 and its 200 day simple moving average is C$82.55. The company has a debt-to-equity ratio of 92.19, a quick ratio of 0.88 and a current ratio of 1.26.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 EPS for the quarter. The business had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. As a group, analysts expect that Alimentation Couche-Tard Inc. will post 4.04 earnings per share for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were paid a $0.2150 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Alimentation Couche-Tard's dividend payout ratio (DPR) is 17.49%.

Insider Activity

In other news, Director Jean Bernier sold 946 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of C$82.22, for a total value of C$77,780.12. Following the sale, the director owned 10,320 shares in the company, valued at C$848,510.40. This represents a 8.40% decrease in their ownership of the stock. Also, Director Éric Boyko purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average cost of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the acquisition, the director directly owned 47,300 shares of the company's stock, valued at C$3,800,082. This represents a 11.82% increase in their position. Company insiders own 18.67% of the company's stock.

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.

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