Alimentation Couche-Tard (TSE:ATD) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

Alimentation Couche-Tard Inc. (TSE:ATD)’s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$82.06 and traded as low as C$81.26. Alimentation Couche-Tard shares last traded at C$81.39, with a volume of 1,180,999 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ATD shares. Scotia cut their price target on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating for the company in a report on Thursday, September 3rd. Canadian Imperial Bank of Commerce set a C$93.00 price objective on Alimentation Couche-Tard and gave the company a “hold” rating in a report on Thursday, October 22nd. Raymond James Financial lowered their price objective on Alimentation Couche-Tard from C$105.00 to C$100.00 in a research 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, Stifel Nicolaus reduced their target price on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Buy” and a consensus price target of C$99.13.

Alimentation Couche-Tard Price Performance

The company has a debt-to-equity ratio of 92.19, a quick ratio of 0.88 and a current ratio of 1.26. The stock has a market cap of C$73.87 billion, a PE ratio of 23.39, a PEG ratio of 1.35 and a beta of 0.77. The stock’s 50-day moving average is C$80.93 and its two-hundred day moving average is C$82.12.

Alimentation Couche-Tard (TSE:ATD) last announced its earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. The company had revenue of C$30.43 billion for the quarter. On average, equities analysts predict that Alimentation Couche-Tard Inc. will post 4.04 earnings per share for the current year.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were paid a dividend of $0.2150 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.86 annualized dividend and a yield of 1.1%. Alimentation Couche-Tard’s dividend payout ratio is presently 17.49%.

Insider Transactions at Alimentation Couche-Tard

In other news, Director Éric Boyko bought 5,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was bought at an average cost of C$80.34 per share, with a total value of C$401,700.00. Following the transaction, the director directly owned 47,300 shares in the company, valued at C$3,800,082. The trade was a 11.82% increase in their position. Also, Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$82.22, for a total value of C$77,780.12. Following the completion of the transaction, the director directly owned 10,320 shares of the company’s stock, valued at approximately C$848,510.40. This represents a 8.40% decrease in their ownership of the stock. Company insiders own 18.67% of the company’s stock.

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.