Parkit Enterprise (CVE:PKT) PT Lowered to C$0.75 at Raymond James

Parkit Enterprise (CVE:PKT) had its price target reduced by Raymond James from C$0.85 to C$0.75 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 20.97% from the stock’s previous close.

Parkit Enterprise Trading Up 5.1 %

CVE:PKT opened at C$0.62 on Wednesday. The stock has a market cap of C$141.29 million, a PE ratio of -31.00 and a beta of 2.10. The stock’s 50-day moving average is C$0.64 and its two-hundred day moving average is C$0.61. Parkit Enterprise has a fifty-two week low of C$0.40 and a fifty-two week high of C$0.94. The company has a debt-to-equity ratio of 112.90, a current ratio of 4.00 and a quick ratio of 5.35.

Parkit Enterprise (CVE:PKT) last announced its quarterly earnings results on Thursday, March 7th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The firm had revenue of C$5.83 million during the quarter. Parkit Enterprise had a negative net margin of 21.29% and a negative return on equity of 3.31%. As a group, equities research analysts forecast that Parkit Enterprise will post 0.03 earnings per share for the current fiscal year.

Parkit Enterprise Company Profile

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.