Parkland (TSE:PKI) PT Lowered to C$49.00

Parkland (TSE:PKI) had its price target decreased by Royal Bank of Canada from C$50.00 to C$49.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

PKI has been the topic of several other research reports. CIBC cut their target price on Parkland from C$55.00 to C$54.00 in a research note on Thursday, July 18th. BMO Capital Markets cut their price target on shares of Parkland from C$55.00 to C$52.00 in a research report on Tuesday, July 16th. National Bankshares decreased their price objective on shares of Parkland from C$52.00 to C$49.00 and set an outperform rating for the company in a report on Tuesday. Desjardins cut their target price on shares of Parkland from C$51.00 to C$48.00 and set a buy rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Parkland from C$56.00 to C$54.00 in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Parkland has an average rating of Moderate Buy and an average price target of C$50.69.

Parkland Trading Up 2.0 %

PKI opened at C$38.57 on Wednesday. Parkland has a fifty-two week low of C$35.00 and a fifty-two week high of C$47.99. The company has a market cap of C$6.74 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 11.79 and a beta of 1.37. The company has a debt-to-equity ratio of 210.21, a current ratio of 1.37 and a quick ratio of 0.73. The firm has a 50 day simple moving average of C$38.36 and a 200 day simple moving average of C$41.84.

Parkland (TSE:PKI) last issued its earnings results on Wednesday, May 1st. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.19. The company had revenue of C$6.94 billion during the quarter, compared to analysts’ expectations of C$8.13 billion. Parkland had a net margin of 1.25% and a return on equity of 12.52%. On average, sell-side analysts anticipate that Parkland will post 3.1594793 earnings per share for the current year.

Parkland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 21st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Thursday, June 20th. Parkland’s payout ratio is presently 64.52%.

Insiders Place Their Bets

In other news, Senior Officer Marcel Teunissen purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought 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.

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.