Parkland (TSE:PKI) PT Raised to C$52.00

Parkland (TSE:PKI) had its price objective upped by analysts at National Bankshares from C$49.00 to C$52.00 in a report released on Monday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 21.75% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Parkland from C$56.00 to C$54.00 in a research report on Tuesday, April 16th. 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. 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 report on Tuesday, February 6th. Finally, BMO Capital Markets dropped their price objective on shares of Parkland from C$57.00 to C$55.00 in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Parkland currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.69.

Parkland Price Performance

Shares of PKI opened at C$42.71 on Monday. Parkland has a fifty-two week low of C$30.29 and a fifty-two week high of C$47.99. The firm’s 50 day moving average price is C$43.68 and its 200 day moving average price is C$43.58. The company has a market cap of C$7.51 billion, a P/E ratio of 16.24, a PEG ratio of 11.79 and a beta of 1.38. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 199.87.

Parkland (TSE:PKI) last announced its earnings results on Tuesday, February 27th. The company reported C$0.84 earnings per share for the quarter, topping the consensus estimate 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. On average, research analysts forecast that Parkland will post 3.302673 earnings per share for the current fiscal year.

Insider Activity at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$44.66, for a total value of C$223,304.50. In related news, Senior Officer Robert Berthold Espey sold 7,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$44.59, for a total transaction of C$334,431.00. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction on 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 42,392 shares of company stock valued at $1,867,999 in the last ninety days. Insiders own 20.51% of the company’s stock.

Parkland Company Profile

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.