Parkland Co. (TSE:PKI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Parkland Co. (TSE:PKIGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$51.54.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. BMO Capital Markets reduced their target price on shares of Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. Royal Bank of Canada reduced their target price on shares of Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. National Bankshares raised their target price on shares of Parkland from C$49.00 to C$52.00 in a research note on Monday, April 22nd. Finally, CIBC reduced their target price on shares of Parkland from C$57.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd.

Read Our Latest Stock Analysis on Parkland

Parkland Stock Down 2.5 %

Shares of TSE:PKI opened at C$36.62 on Wednesday. Parkland has a 12 month low of C$32.51 and a 12 month high of C$47.99. The company’s 50-day moving average price is C$39.07 and its two-hundred day moving average price is C$42.29. The company has a quick ratio of 0.73, a current ratio of 1.37 and a debt-to-equity ratio of 210.21. The firm has a market cap of C$6.40 billion, a P/E ratio of 16.88, a P/E/G ratio of 11.79 and a beta of 1.37.

Parkland (TSE:PKIGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.19. Parkland had a net margin of 1.25% and a return on equity of 12.52%. The firm had revenue of C$6.94 billion for the quarter, compared to analyst estimates of C$8.13 billion. As a group, research analysts forecast that Parkland will post 3.1594793 EPS for the current fiscal year.

Parkland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.40 annualized dividend and a yield of 3.82%. Parkland’s dividend payout ratio (DPR) is currently 64.52%.

Insiders Place Their Bets

In related news, Senior Officer Marcel Teunissen bought 1,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of C$40.35 per share, for a total transaction of C$40,350.00. 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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