Alimentation Couche-Tard (TSE:ATD) Sets New 1-Year High – Should You Buy?

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$82.11 and last traded at C$80.84, with a volume of 2259987 shares changing hands. The stock had previously closed at C$79.47.

Wall Street Analysts Forecast Growth

ATD has been the topic of several research analyst reports. TD Securities upped their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. BMO Capital Markets upped their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a research report on Wednesday, November 26th. Stifel Nicolaus increased their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Jefferies Financial Group upped their price target on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Wednesday, November 26th. Finally, Scotiabank increased their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$86.75.

Alimentation Couche-Tard Price Performance

The company’s 50-day moving average is C$74.37 and its two-hundred day moving average is C$72.88. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market cap of C$74.22 billion, a P/E ratio of 29.15, a PEG ratio of 1.35 and a beta of 0.28.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.215 per share. 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. This represents a $0.86 annualized dividend and a yield of 1.1%. Alimentation Couche-Tard’s payout ratio is presently 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.