Brokerages Set Parkland Co. (TSE:PKI) Price Target at C$47.33

Parkland Co. (TSE:PKIGet Rating) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$47.50.

PKI has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on shares of Parkland from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Thursday, July 7th. Scotiabank raised Parkland from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$45.00 to C$47.00 in a research note on Friday. Desjardins reissued a “buy” rating and issued a C$49.00 price target on shares of Parkland in a research note on Wednesday, April 13th. The Goldman Sachs Group decreased their price target on shares of Parkland from C$47.00 to C$35.00 and set a “neutral” rating for the company in a research note on Wednesday, June 22nd. Finally, Raymond James set a C$52.00 price target on Parkland and gave the company a “strong-buy” rating in a research note on Monday, May 9th.

Parkland Trading Down 2.7 %

Shares of PKI stock opened at C$33.65 on Wednesday. The firm’s fifty day simple moving average is C$35.39 and its 200 day simple moving average is C$34.94. Parkland has a 1 year low of C$31.18 and a 1 year high of C$40.87. The company has a current ratio of 1.55, a quick ratio of 0.85 and a debt-to-equity ratio of 265.57. The firm has a market capitalization of C$5.23 billion and a P/E ratio of 42.06.

Parkland (TSE:PKIGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported C$0.87 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.70 by C$0.17. The company had revenue of C$7.61 billion during the quarter, compared to the consensus estimate of C$6.16 billion. As a group, sell-side analysts predict that Parkland will post 3.2558258 EPS for the current year.

Insider Buying and Selling at Parkland

In other Parkland news, Senior Officer Darren Robert Smart sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of C$33.69, for a total transaction of C$505,350.00. Following the transaction, the insider now owns 25,275 shares in the company, valued at approximately C$851,514.75. In other news, Senior Officer Ian James White sold 13,646 shares of the stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of C$33.46, for a total value of C$456,595.16. Following the completion of the sale, the insider now directly owns 23,927 shares in the company, valued at C$800,597.42. Also, Senior Officer Darren Robert Smart sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of C$33.69, for a total transaction of C$505,350.00. Following the transaction, the insider now owns 25,275 shares in the company, valued at C$851,514.75. Insiders sold a total of 48,646 shares of company stock valued at $1,738,445 in the last three months.

Parkland Company Profile

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Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Central and South America. The company operates through four segments: Canada, USA, Supply, and International. The Canada segment owns, operates, supports, and distributes a coast-to-coast network of retail convenience, food, and fuel sites, as well as commercial cardlocks and bulk fuel facilities; and provides propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers.

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Analyst Recommendations for Parkland (TSE:PKI)

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