Alimentation Couche-Tard (TSE:ATD) Hits New 12-Month High – Should You Buy?

Alimentation Couche-Tard Inc. (TSE:ATD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$92.34 and last traded at C$91.15, with a volume of 642659 shares. The stock had previously closed at C$82.26.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. set a C$95.00 target price on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. Raymond James Financial upped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research report on Thursday, March 19th. Scotia increased their target price on shares of Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the company a “sector outperform” rating in a report on Thursday, June 11th. Finally, National Bank Financial lifted their price target on shares of Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$92.69.

Alimentation Couche-Tard Stock Up 10.9%

The firm has a market capitalization of C$83.79 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The firm’s 50-day moving average is C$79.49 and its 200 day moving average is C$78.19. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95.

Alimentation Couche-Tard (TSE:ATD) last posted its earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. As a group, research 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 19.81%.

About Alimentation Couche-Tard

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.