Scotiabank Cuts Parkland Fuel (TSE:PKI) Price Target to C$42.00

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Parkland Fuel (TSE:PKI) had its target price decreased by Scotiabank from C$50.00 to C$42.00 in a research report released on Monday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their price objective on Parkland Fuel from C$52.00 to C$46.00 and set an outperform rating on the stock in a report on Monday, March 16th. Raymond James decreased their price objective on Parkland Fuel from C$48.00 to C$45.00 and set an outperform rating on the stock in a report on Monday, March 9th. National Bank Financial decreased their price objective on Parkland Fuel from C$51.00 to C$47.00 in a report on Monday, March 9th. TD Securities decreased their price objective on Parkland Fuel from C$56.00 to C$50.00 and set a buy rating on the stock in a report on Monday, March 9th. Finally, AltaCorp Capital raised their price objective on Parkland Fuel from C$51.00 to C$53.00 in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of C$44.80.

Shares of TSE:PKI opened at C$26.35 on Monday. The business’s fifty day moving average price is C$38.26 and its two-hundred day moving average price is C$44.01. The stock has a market cap of $3.07 billion and a PE ratio of 10.33. The company has a debt-to-equity ratio of 170.55, a quick ratio of 0.70 and a current ratio of 1.16. Parkland Fuel has a one year low of C$17.57 and a one year high of C$49.22.

Parkland Fuel (TSE:PKI) last announced its earnings results on Thursday, March 5th. The company reported C$1.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.74. The company had revenue of C$4.78 billion for the quarter, compared to analyst estimates of C$4.71 billion. As a group, equities research analysts predict that Parkland Fuel will post 2.07 earnings per share for the current fiscal year.

Parkland Fuel Company Profile

Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.

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