Alimentation Couche-Tard (TSE:ATD) Sets New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

A number of equities analysts recently commented on ATD shares. Scotiabank raised their price target on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Canadian Imperial Bank of Commerce boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Jefferies Financial Group lifted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday, February 12th. National Bank Financial increased their price target on Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, BMO Capital Markets upped their price target on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a “market perform” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and an average target price of C$91.17.

Alimentation Couche-Tard Price Performance

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 business has a 50-day moving average of C$75.25 and a 200 day moving average of C$73.21. The firm has a market capitalization of C$77.25 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.35 and a beta of 0.28.

Alimentation Couche-Tard Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.20. Alimentation Couche-Tard’s payout ratio is currently 20.29%.

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.