Parkland Co. (TSE:PKI) Receives Consensus Recommendation of “Hold” from Brokerages

Parkland Co. (TSE:PKI) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$43.73.

Several research firms recently issued reports on PKI. Scotiabank cut Parkland from a “strong-buy” rating to a “hold” rating and set a C$44.00 price objective on the stock. in a report on Wednesday, June 25th. Raymond James Financial lowered their price objective on Parkland from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Finally, National Bankshares lifted their price objective on Parkland from C$41.00 to C$42.00 and gave the stock a “tender” rating in a report on Wednesday, August 6th.

Parkland Trading Up 0.4%

PKI stock opened at C$39.93 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. Parkland has a 12-month low of C$30.09 and a 12-month high of C$40.29. The stock has a market cap of C$6.96 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 11.79 and a beta of 0.03. The business’s 50-day moving average is C$38.68 and its 200 day moving average is C$37.78.

Parkland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.6%. Parkland’s payout ratio is 84.02%.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.