Parkland (TSE:PKI – Get Free Report) had its target price lowered by equities researchers at National Bankshares from C$47.00 to C$45.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. National Bankshares’ price objective indicates a potential upside of 36.32% from the stock’s previous close.
Several other research firms have also commented on PKI. Cormark cut their target price on shares of Parkland from C$53.00 to C$49.00 in a research note on Friday, August 2nd. Royal Bank of Canada cut their target price on shares of Parkland from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. CIBC cut their target price on shares of Parkland from C$55.00 to C$54.00 in a research note on Thursday, July 18th. Desjardins cut their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, TD Securities cut their price target on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Parkland presently has an average rating of “Moderate Buy” and an average price target of C$47.38.
Get Our Latest Analysis on Parkland
Parkland Price Performance
Parkland (TSE:PKI – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.82 by C$0.06. Parkland had a net margin of 1.23% and a return on equity of 12.26%. The business had revenue of C$7.50 billion during the quarter, compared to analyst estimates of C$7.92 billion. On average, analysts forecast that Parkland will post 3.6022267 EPS for the current fiscal year.
Insider Buying and Selling at Parkland
In related news, Senior Officer Marcel Teunissen acquired 1,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of C$36.52 per share, for a total transaction of C$36,520.00. Company insiders own 20.51% of the company’s stock.
About Parkland
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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