Alimentation Couche-Tard (TSE:ATD) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Alimentation Couche-Tard shares fell below their 200-day moving average of C$82.06, trading as low as C$81.26 and last changing hands at C$81.39.
• Analysts remain broadly optimistic, with a consensus “Buy” rating and an average price target of C$99.13, despite several firms recently lowering their targets.
• The company reported quarterly revenue of C$30.43 billion and earnings of C$1.26 per share, while maintaining a quarterly dividend of C$0.215 per share, equivalent to a 1.1% yield.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$82.06 and traded as low as C$81.26. Alimentation Couche-Tard shares last traded at C$81.39, with a volume of 1,180,999 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. National Bank Financial reduced their price objective on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an "outperform" rating on the stock in a research note on Thursday, September 3rd. Royal Bank Of Canada set a C$111.00 target price on shares of Alimentation Couche-Tard and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. TD dropped their target price on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Raymond James Financial dropped their target price on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a research report on Thursday, September 3rd. Finally, Stifel Nicolaus cut their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of "Buy" and a consensus target price of C$99.13.

Alimentation Couche-Tard Trading Down 1.6%

The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19. The company has a market capitalization of C$74.71 billion, a P/E ratio of 23.66, a PEG ratio of 1.35 and a beta of 0.77. The business has a 50 day moving average price of C$81.27 and a 200 day moving average price of C$82.06.

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

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Alimentation Couche-Tard's dividend payout ratio is presently 17.49%.

Insider Buying and Selling at Alimentation Couche-Tard

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