Alimentation Couche-Tard (TSE:ATD.B) Shares Cross Below Two Hundred Day Moving Average of $0.00

Shares of Alimentation Couche-Tard Inc (TSE:ATD.B) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as low as $80.29. Alimentation Couche-Tard shares last traded at $80.98, with a volume of 976,546 shares trading hands.

ATD.B has been the subject of several research reports. Canaccord Genuity lifted their target price on Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the company a “buy” rating in a research note on Thursday, July 4th. Desjardins cut Alimentation Couche-Tard from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$80.00 to C$87.00 in a research note on Thursday, July 11th. Royal Bank of Canada lifted their price objective on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. BMO Capital Markets cut Alimentation Couche-Tard from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 18th. Finally, National Bank Financial lifted their price objective on Alimentation Couche-Tard from C$86.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$85.56.

The business has a fifty day moving average price of C$82.74. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 78.48. The firm has a market cap of $35.41 billion and a PE ratio of 24.92.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Thursday, August 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $0.50 annualized dividend and a yield of 0.62%. Alimentation Couche-Tard’s dividend payout ratio is presently 15.38%.

Alimentation Couche-Tard Company Profile (TSE:ATD.B)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

Featured Article: Hedge Funds – Risk or Reward?

Receive News & Ratings for Alimentation Couche-Tard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alimentation Couche-Tard and related companies with MarketBeat.com's FREE daily email newsletter.