Alimentation Couche-Tard Inc. (TSE:ATD – Get Rating)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$63.55 and last traded at C$63.47, with a volume of 75237 shares changing hands. The stock had previously closed at C$63.32.
Wall Street Analyst Weigh In
ATD has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their target price on shares of Alimentation Couche-Tard from C$65.00 to C$68.00 in a research note on Thursday, November 24th. CSFB set a C$65.00 target price on shares of Alimentation Couche-Tard and gave the company a "neutral" rating in a research note on Wednesday, December 21st. Royal Bank of Canada set a C$80.00 target price on shares of Alimentation Couche-Tard and gave the company an "outperform" rating in a research note on Thursday, November 24th. Stifel Nicolaus reduced their target price on shares of Alimentation Couche-Tard from C$70.00 to C$68.00 in a research note on Thursday, November 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Alimentation Couche-Tard from C$55.00 to C$54.00 in a research note on Tuesday, November 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of "Buy" and an average price target of C$68.12.
Get Alimentation Couche-Tard alerts:Alimentation Couche-Tard Price Performance
The stock has a market capitalization of C$62.78 billion and a P/E ratio of 17.34. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 72.23. The company has a fifty day simple moving average of C$61.42 and a two-hundred day simple moving average of C$58.66.
Alimentation Couche-Tard (TSE:ATD – Get Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported C$1.07 earnings per share for the quarter, topping the consensus estimate of C$1.04 by C$0.03. The firm had revenue of C$22.02 billion for the quarter, compared to the consensus estimate of C$22.70 billion. Sell-side analysts expect that Alimentation Couche-Tard Inc. will post 3.9200001 EPS for the current fiscal year.Alimentation Couche-Tard Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a dividend of $0.14 per share. This is a boost from Alimentation Couche-Tard's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, November 30th. Alimentation Couche-Tard's payout ratio is currently 9.47%.
About Alimentation Couche-Tard
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Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.
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