Raymond James Lowers Parkit Enterprise (CVE:PKT) Price Target to C$0.75

Parkit Enterprise (CVE:PKT) had its price target decreased by equities research analysts at Raymond James from C$0.85 to C$0.75 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 20.97% from the stock’s current price.

Parkit Enterprise Price Performance

Shares of PKT opened at C$0.62 on Wednesday. The company has a market capitalization of C$141.29 million, a P/E ratio of -31.00 and a beta of 2.10. The company has a quick ratio of 5.35, a current ratio of 4.00 and a debt-to-equity ratio of 112.90. The firm has a 50 day moving average of C$0.64 and a 200 day moving average of C$0.61. Parkit Enterprise has a twelve month low of C$0.40 and a twelve month high of C$0.94.

Parkit Enterprise (CVE:PKT) last announced its quarterly earnings results on Thursday, March 7th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The firm had revenue of C$5.83 million for the quarter. Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%. As a group, equities research analysts anticipate that Parkit Enterprise will post 0.03 earnings per share for the current fiscal year.

About Parkit Enterprise

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.