JPMorgan Chase & Co. Lowers Parkland (TSE:PKI) Price Target to C$54.00

Parkland (TSE:PKI) had its price objective reduced by equities research analysts at JPMorgan Chase & Co. from C$56.00 to C$54.00 in a report released on Tuesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price points to a potential upside of 25.52% from the company’s current price.

Several other equities analysts have also commented on the stock. Scotiabank increased their price objective on shares of Parkland from C$50.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. 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. National Bankshares reduced their target price on shares of Parkland from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Finally, CIBC raised their price target on shares of Parkland from C$50.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$51.46.

Parkland Stock Up 0.5 %

Shares of PKI stock opened at C$43.02 on Tuesday. Parkland has a 12 month low of C$30.29 and a 12 month high of C$47.99. The stock has a market cap of C$7.56 billion, a P/E ratio of 16.36, a P/E/G ratio of 11.79 and a beta of 1.38. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company has a 50 day simple moving average of C$43.88 and a two-hundred day simple moving average of C$43.45.

Parkland (TSE:PKI) last announced its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.20. Parkland had a net margin of 1.45% and a return on equity of 15.15%. The firm had revenue of C$7.75 billion during the quarter, compared to analysts’ expectations of C$8.41 billion. On average, research analysts expect that Parkland will post 3.302673 earnings per share for the current year.

Insiders Place Their Bets

In other Parkland news, Senior Officer Robert Berthold Espey sold 11,000 shares of Parkland stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$44.00, for a total transaction of C$484,000.00. In other Parkland news, Senior Officer Robert Berthold Espey sold 11,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$44.00, for a total value of C$484,000.00. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$44.66, for a total transaction of C$223,304.50. Insiders have sold a total of 42,392 shares of company stock valued at $1,867,999 in the last 90 days. 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.