Parkland (TSE:PKI) PT Lowered to C$55.00

Parkland (TSE:PKIGet Free Report) had its price objective reduced by equities researchers at BMO Capital Markets from C$57.00 to C$55.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 31.52% from the stock’s previous close.

PKI has been the subject of a number of other research reports. TD Securities boosted their price objective on shares of Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. National Bankshares cut their price target on Parkland from C$50.00 to C$49.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Scotiabank increased their price target on Parkland from C$50.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Royal Bank of Canada downgraded Parkland from an “outperform” rating to a “sector perform” rating and set a C$54.00 price objective for the company. in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on Parkland from C$51.00 to C$56.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Parkland has an average rating of “Moderate Buy” and a consensus price target of C$51.92.

Read Our Latest Stock Report on PKI

Parkland Price Performance

TSE:PKI traded down C$0.47 during trading hours on Tuesday, reaching C$41.82. 221,132 shares of the company traded hands, compared to its average volume of 457,567. Parkland has a 1-year low of C$30.29 and a 1-year high of C$47.99. The stock has a market cap of C$7.35 billion, a P/E ratio of 15.91, a P/E/G ratio of 11.79 and a beta of 1.38. The firm’s 50-day moving average is C$44.87 and its 200-day moving average is C$43.27. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.29 and a quick ratio of 0.73.

Parkland (TSE:PKIGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 EPS for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.20. Parkland had a return on equity of 15.15% and a net margin of 1.45%. The business had revenue of C$7.75 billion for the quarter, compared to analyst estimates of C$8.41 billion. Equities research analysts expect that Parkland will post 3.3006886 earnings per share for the current fiscal year.

Insider Buying and Selling at Parkland

In related news, Senior Officer Robert Berthold Espey sold 11,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$44.00, for a total value of C$484,000.00. In other Parkland news, Senior Officer Robert Berthold Espey sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$44.00, for a total value of C$484,000.00. Also, Senior Officer Darren Robert Smart sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$44.00, for a total transaction of C$110,000.00. Insiders have sold a total of 42,392 shares of company stock valued at $1,867,999 over the last ninety days. Corporate insiders own 20.51% of the company’s stock.

Parkland Company Profile

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Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.

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Analyst Recommendations for Parkland (TSE:PKI)

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