Alimentation Couche-Tard (TSE:ATD) Stock Price Down 0.4% - Time to Sell?

Key Points

• Alimentation Couche-Tard shares fell 0.4% to C$76.90 in mid-day trading, with volume 45% below the average session level.
• Analysts remain broadly positive: 11 rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of C$99.73, well above the current price.
• The company reported C$1.26 in quarterly EPS on C$30.43 billion in revenue and declared a quarterly dividend of C$0.215 per share, equivalent to a 1.1% annual yield.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) was down 0.4% during mid-day trading on Friday. The stock traded as low as C$76.69 and last traded at C$76.90. Approximately 808,252 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,475,279 shares. The stock had previously closed at C$77.20.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. National Bank Financial dropped their price objective on 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. UBS Group raised their target price on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research report on Wednesday, June 24th. Scotia dropped their price target on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a "sector outperform" rating on the stock in a research note on Thursday, September 3rd. Raymond James Financial cut their price target on Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday, September 3rd. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of "Moderate Buy" and a consensus price target of C$99.73.

Alimentation Couche-Tard Price Performance

The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The firm's 50 day simple moving average is C$84.81 and its 200 day simple moving average is C$83.20. The stock has a market capitalization of C$70.59 billion, a PE ratio of 22.35, a P/E/G ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last announced its quarterly earnings results 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 during the quarter. As a group, equities analysts forecast that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Alimentation Couche-Tard's dividend payout ratio (DPR) is 17.49%.

Insiders Place Their Bets

In other Alimentation Couche-Tard 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 transaction of C$77,780.12. Following the sale, the director directly owned 10,320 shares in the company, valued at approximately C$848,510.40. This trade represents a 8.40% decrease in their position. 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 price of C$80.34 per share, with a total value of C$401,700.00. Following the completion of the acquisition, the director directly owned 47,300 shares in the company, valued at C$3,800,082. This represents a 11.82% increase in their position. 18.67% of the stock is currently owned by insiders.

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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