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

Key Points

• Shares moved above their 200-day moving average, trading as high as C$85.02 versus the C$82.28 average and last changing hands at C$84.70.
• Analysts remain broadly positive: 11 of 12 rate the stock Buy or Strong Buy, with a consensus price target of C$99.13; one analyst rates it Hold.
• The company reported quarterly earnings of C$1.26 per share on C$30.43 billion in revenue and paid a quarterly dividend of C$0.215 per share.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$82.28 and traded as high as C$85.02. Alimentation Couche-Tard shares last traded at C$84.70, with a volume of 1,652,396 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ATD shares. Scotia lowered their price objective on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a "sector outperform" rating for the company in a research note on Thursday, September 3rd. 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 report on Thursday, October 22nd. Stifel Nicolaus cut their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. TD lowered their target price on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a "buy" rating on the stock in a research note on Thursday, September 3rd. Finally, Royal Bank Of Canada set a C$111.00 price target on shares of Alimentation Couche-Tard and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$99.13.

Alimentation Couche-Tard Price Performance

The company has a market cap of C$77.75 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.35 and a beta of 0.77. The company's 50 day moving average price is C$80.66 and its 200-day moving average price is C$82.28. 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 issued its earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. The firm 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%. On average, equities research analysts forecast that Alimentation Couche-Tard Inc. will post 4.04 earnings per share for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

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

Insider Buying and Selling at Alimentation Couche-Tard

In other news, Director Jean Bernier sold 946 shares of the stock in a transaction on 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 completion of 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 acquired 5,000 shares of Alimentation Couche-Tard stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average cost of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the purchase, the director owned 47,300 shares in the company, valued at approximately C$3,800,082. This represents a 11.82% increase in their position. 18.67% of the stock is owned by insiders.

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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