Key Points
- Director Éric Boyko bought 5,000 shares of Alimentation Couche-Tard at an average C$80.34 per share, investing C$401,700 and increasing his holdings to 47,300 shares.
- The company reported quarterly earnings of C$1.26 per share on C$30.43 billion in revenue, with a 3.95% net margin and 19.91% return on equity.
- Analysts maintain a “Moderate Buy” consensus, with 11 buy ratings and two holds and an average price target of C$99.73. The company also announced a quarterly dividend of C$0.215 per share, equivalent to a 1.1% yield.
Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) Director Jean Bernier sold 946 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director owned 10,320 shares in the company, valued at approximately C$848,510.40. This trade represents a 8.40% decrease in their ownership of the stock.
Alimentation Couche-Tard Trading Down 2.5%
Shares of ATD opened at C$79.98 on Wednesday. Alimentation Couche-Tard Inc. has a 1-year low of C$68.30 and a 1-year high of C$95.15. The company has a market capitalization of C$73.42 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The firm's 50 day simple moving average is C$88.92 and its 200 day simple moving average is C$83.66.
Alimentation Couche-Tard (TSE:ATD - Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 EPS for the quarter. The business 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%. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Alimentation Couche-Tard's dividend payout ratio is currently 17.49%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Desjardins lifted their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. BMO Capital Markets decreased their price objective on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a "market perform" rating on the stock in a report on Thursday, September 3rd. Scotia decreased their price objective on Alimentation Couche-Tard from C$104.00 to C$102.00 and set a "sector outperform" rating on the stock in a report on Thursday, September 3rd. Royal Bank Of Canada set a C$111.00 target price on Alimentation Couche-Tard and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. Finally, Canaccord Genuity Group lifted their price target on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alimentation Couche-Tard presently has an average rating of "Moderate Buy" and a consensus target price of C$99.73.
Get Our Latest Stock Analysis on Alimentation Couche-Tard
About Alimentation Couche-Tard
(
Get Free Report)
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.
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