Alimentation Couche-Tard (TSE:ATD) Sets New 12-Month High – Here’s What Happened

Alimentation Couche-Tard Inc. (TSE:ATD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$84.58 and last traded at C$84.24, with a volume of 85956 shares traded. The stock had previously closed at C$83.86.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ATD shares. BMO Capital Markets lifted their price target on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a research note on Thursday, February 12th. National Bank Financial raised their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Desjardins increased their price objective on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the company a “buy” rating in a report on Thursday, February 12th. TD Securities lifted their price objective on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. One 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. Based on data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and an average price target of C$91.17.

Alimentation Couche-Tard Price Performance

The company has a fifty day moving average price of C$75.25 and a two-hundred day moving average price of C$73.21. 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 firm has a market cap of C$77.25 billion, a P/E ratio of 30.34, a PEG ratio of 1.35 and a beta of 0.28.

Alimentation Couche-Tard Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 17th were given a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. Alimentation Couche-Tard’s payout ratio is 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.