Parkland (TSE:PKI) Shares Pass Above Two Hundred Day Moving Average of $30.26

Parkland Co. (TSE:PKI – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.26 and traded as high as C$34.87. Parkland shares last traded at C$34.60, with a volume of 414,594 shares.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price target on Parkland from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. National Bankshares increased their price target on Parkland from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Monday, March 6th. Finally, JPMorgan Chase & Co. reduced their price target on Parkland from C$40.00 to C$39.00 in a research report on Thursday, May 4th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$39.50.

Parkland Stock Performance

The stock has a fifty day simple moving average of C$31.85 and a two-hundred day simple moving average of C$30.26. The stock has a market cap of C$6.07 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 11.79 and a beta of 1.47. The company has a debt-to-equity ratio of 229.57, a quick ratio of 0.73 and a current ratio of 1.39.

Parkland (TSE:PKI – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported C$0.67 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.75 by C($0.08). The business had revenue of C$8.72 billion during the quarter, compared to analysts’ expectations of C$8.86 billion. Analysts expect that Parkland Co. will post 2.4762963 EPS for the current fiscal year.

Parkland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Wednesday, March 22nd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from Parkland’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, March 21st. Parkland’s dividend payout ratio is presently 68.00%.

About Parkland

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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.