Parkland (TSE:PKI) Reaches New 1-Year Low – What’s Next?

Parkland Co. (TSE:PKI) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$30.37 and last traded at C$31.89, with a volume of 43035 shares trading hands. The stock had previously closed at C$32.35.

Wall Street Analyst Weigh In

PKI has been the topic of several recent analyst reports. BMO Capital Markets reduced their price target on shares of Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. Scotiabank decreased their price target on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Raymond James dropped their price objective on Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. Canaccord Genuity Group lowered their target price on Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, TD Securities cut their price target on Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Parkland presently has a consensus rating of “Buy” and an average price target of C$48.08.

Parkland Stock Performance

The stock has a market capitalization of C$5.64 billion, a PE ratio of 15.20, a PEG ratio of 11.79 and a beta of 1.33. The firm has a 50 day moving average price of C$34.18 and a 200-day moving average price of C$35.04. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76.

Insider Activity at Parkland

In related news, Director James Allan Neate purchased 5,000 shares of Parkland stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of C$33.29 per share, with a total value of C$166,450.00. 20.51% of the stock is owned by insiders.

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.