Alimentation Couche-Tard (TSE:ATD) Trading 0.3% Higher - Still a Buy?

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report)'s stock price shot up 0.3% during trading on Friday . The company traded as high as C$72.72 and last traded at C$72.42. 592,350 shares were traded during mid-day trading, a decline of 55% from the average session volume of 1,323,707 shares. The stock had previously closed at C$72.23.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Desjardins dropped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. BMO Capital Markets decreased their price objective on Alimentation Couche-Tard from C$85.00 to C$82.00 in a report on Thursday, March 20th. Veritas upgraded Alimentation Couche-Tard to a "strong-buy" rating in a research note on Thursday, March 20th. TD Securities reduced their price objective on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group dropped their target price on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Ten analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$86.33.

Alimentation Couche-Tard Price Performance

The stock has a 50 day moving average price of C$70.65 and a two-hundred day moving average price of C$74.73. 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 company has a market capitalization of C$48.44 billion, a PE ratio of 19.01, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.195 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.78 annualized dividend and a yield of 1.07%. Alimentation Couche-Tard's dividend payout ratio (DPR) is currently 18.26%.

Alimentation Couche-Tard Company Profile

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.