Alimentation Couche-Tard (TSE:ATD) Reaches New 12-Month Low – Here’s Why

Alimentation Couche-Tard Inc. (TSE:ATD) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$69.84 and last traded at C$70.13, with a volume of 96949 shares traded. The stock had previously closed at C$70.81.

Analyst Ratings Changes

ATD has been the subject of several recent research reports. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. CIBC cut their price objective on Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. UBS Group set a C$97.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 13th. TD Securities cut their price target on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$88.00.

Alimentation Couche-Tard Stock Performance

The firm has a market cap of C$46.56 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The stock’s 50 day moving average is C$75.39 and its 200 day moving average is C$76.52.

Alimentation Couche-Tard Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were given a $0.195 dividend. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, December 4th. This represents a $0.78 annualized dividend and a dividend yield of 1.11%. Alimentation Couche-Tard’s dividend payout ratio is presently 18.26%.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.