Raymond James Has Positive View of Parkland FY2025 Earnings

Parkland Co. (TSE:PKI) – Equities researchers at Raymond James raised their FY2025 earnings estimates for shares of Parkland in a report issued on Wednesday, November 27th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $3.28 for the year, up from their previous forecast of $3.11. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share.

PKI has been the topic of a number of other reports. Scotiabank lowered their target price on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Canaccord Genuity Group lowered their price objective on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. TD Securities cut their target price on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. National Bankshares decreased their price target on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, CIBC increased their price objective on Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Parkland presently has an average rating of “Buy” and a consensus price target of C$48.08.

Parkland Stock Up 1.6 %

Parkland stock opened at C$36.52 on Monday. The company’s 50-day moving average price is C$34.59 and its two-hundred day moving average price is C$36.52. The stock has a market cap of C$6.36 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a 52 week low of C$31.68 and a 52 week high of C$47.99. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76.

Parkland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.83%. Parkland’s dividend payout ratio (DPR) is presently 65.73%.

Insider Activity

In other Parkland news, Director Michael Christian Jennings bought 4,000 shares of the stock in a transaction on Monday, November 4th. The shares were purchased at an average price of C$32.02 per share, with a total value of C$128,060.00. 20.51% of the stock is currently owned by insiders.

Parkland Company Profile

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.