Alimentation Couche-Tard (TSE:ATD) Hits New 52-Week Low – Here’s What Happened

Alimentation Couche-Tard Inc. (TSE:ATD) reached a new 52-week low during trading on Thursday . The stock traded as low as C$71.98 and last traded at C$72.00, with a volume of 1519341 shares. The stock had previously closed at C$73.47.

Analyst Ratings Changes

Several equities research analysts recently commented on ATD shares. JPMorgan Chase & Co. raised their target price on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. Royal Bank of Canada decreased their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research note on Thursday, September 5th. CIBC decreased their target price on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research note on Friday, September 6th. National Bankshares decreased their target price on Alimentation Couche-Tard from C$86.00 to C$85.00 in a research note on Friday, September 6th. Finally, Canaccord Genuity Group reduced their price objective on Alimentation Couche-Tard from C$85.00 to C$83.00 in a research note on Friday, September 6th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$88.17.

Alimentation Couche-Tard Stock Down 0.8 %

The stock has a fifty day moving average of C$75.59 and a 200 day moving average of C$77.60. The firm has a market capitalization of C$67.71 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings results on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.02. The business had revenue of C$24.99 billion for the quarter, compared to analyst estimates of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. On average, research analysts anticipate that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.175 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.70 annualized dividend and a dividend yield of 0.98%. Alimentation Couche-Tard’s payout ratio is presently 18.09%.

About Alimentation Couche-Tard

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.