Analysts Set Parkland Co. (TSE:PKI) PT at C$51.46

Shares of Parkland Co. (TSE:PKI) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$51.46.

A number of research firms have commented on PKI. Royal Bank of Canada reduced their price objective on shares of Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. National Bankshares reduced their price objective 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. 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 note on Thursday, February 29th. JPMorgan Chase & Co. reduced their price objective on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. Finally, TD Securities increased their price objective on shares of Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th.

Parkland Price Performance

Shares of PKI stock opened at C$42.19 on Friday. The company has a market capitalization of C$7.42 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 11.79 and a beta of 1.38. The firm has a fifty day simple moving average of C$43.79 and a 200-day simple moving average of C$43.53. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. Parkland has a twelve month low of C$30.29 and a twelve month high of C$47.99.

Parkland (TSE:PKI) last posted its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of C$8.41 billion. Equities research analysts anticipate that Parkland will post 3.302673 earnings per share for the current fiscal year.

Parkland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 22nd were issued a $0.35 dividend. The ex-dividend date was Thursday, March 21st. This is a positive change from Parkland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 3.32%. Parkland’s payout ratio is 53.23%.

Insider Activity

In related news, Senior Officer Darren Robert Smart sold 1,000 shares of Parkland stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total value of C$43,000.00. In related news, Senior Officer Darren Robert Smart sold 1,000 shares of Parkland stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total value of C$43,000.00. Also, Senior Officer Robert Berthold Espey sold 11,000 shares of Parkland stock in a transaction dated 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 the last three months, insiders sold 42,392 shares of company stock valued at $1,867,999. Company 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.