Alimentation Couche-Tard (TSE:ATD) Sets New 1-Year High – Should You Buy?

Alimentation Couche-Tard Inc. (TSE:ATD)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$82.11 and last traded at C$80.84, with a volume of 2259987 shares trading hands. The stock had previously closed at C$79.47.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ATD shares. Scotiabank boosted their price objective on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Stifel Nicolaus raised their price target on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. TD Securities lifted their target price on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. National Bankshares boosted their target price on Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Desjardins set a C$85.00 price objective on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$86.75.

Alimentation Couche-Tard Stock Performance

The company’s 50 day simple moving average is C$74.37 and its 200 day simple moving average is C$72.88. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market cap of C$74.22 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 1.35 and a beta of 0.28.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, December 3rd. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 20.29%.

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.