Alimentation Couche-Tard (TSE:ATD) Stock Price Down 0.4% – Here’s Why

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ATD. TD lowered their price target on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. UBS Group raised their price objective on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. Canadian Imperial Bank of Commerce lifted their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research report on Wednesday, June 24th. Raymond James Financial cut 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, Royal Bank Of Canada set a C$111.00 price objective on Alimentation Couche-Tard and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$99.73.

Alimentation Couche-Tard Stock Performance

The firm’s 50-day simple moving average is C$84.81 and its two-hundred day simple moving average is C$83.20. The company has a market cap 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. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. The company 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%. As a group, research analysts anticipate that Alimentation Couche-Tard Inc. will post 4.0410959 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. Investors of record on Friday, September 25th were issued a dividend of $0.2150 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio is 17.49%.

Insider Activity

In other news, Director Jean Bernier sold 946 shares of the firm’s stock in a transaction dated 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 C$848,510.40. This trade represents a 8.40% decrease in their position. Also, Director Éric Boyko acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average cost of C$80.34 per share, for a total transaction of C$401,700.00. Following the completion of the acquisition, the director owned 47,300 shares of the company’s stock, valued at C$3,800,082. This trade represents a 11.82% increase in their position. Corporate 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.