Parkland (TSE:PKI) PT Lowered to C$47.00 at Raymond James

Parkland (TSE:PKI) had its target price reduced by equities research analysts at Raymond James from C$55.00 to C$47.00 in a research report issued on Friday, BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 36.47% from the company’s previous close.

A number of other brokerages have also recently issued reports on PKI. TD Securities lowered their target price on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. ATB Capital dropped their price objective on Parkland from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. National Bankshares reduced their target price on Parkland from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. BMO Capital Markets lowered their price target on shares of Parkland from C$49.00 to C$46.00 in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group reduced their price objective on shares of Parkland from C$48.00 to C$47.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Parkland has an average rating of “Moderate Buy” and a consensus price target of C$49.31.

Parkland Trading Up 0.6 %

Shares of PKI opened at C$34.44 on Friday. The firm has a market cap of C$6.00 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a fifty-two week low of C$33.61 and a fifty-two week high of C$47.99. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33. The business has a 50-day moving average of C$35.48 and a 200 day moving average of C$37.95.

Parkland (TSE:PKI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.06. The company had revenue of C$7.50 billion for the quarter, compared to analyst estimates of C$7.92 billion. Parkland had a net margin of 1.23% and a return on equity of 12.26%. As a group, research analysts forecast that Parkland will post 3.6022267 EPS for the current year.

Insider Buying and Selling at Parkland

In other news, Senior Officer Marcel Teunissen acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average cost of C$36.52 per share, for a total transaction of C$36,520.00. Company 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.