Parkland Co. (TSE:PKI) Receives C$48.08 Average Price Target from Analysts

Shares of Parkland Co. (TSE:PKI) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is C$48.08.

Several research analysts have issued reports on PKI shares. Raymond James decreased their target price on shares of Parkland from C$55.00 to C$47.00 in a report on Friday, October 25th. Canaccord Genuity Group lowered their price objective on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets cut their price target on Parkland from C$49.00 to C$46.00 in a report on Tuesday, October 22nd. National Bankshares dropped their price target on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Scotiabank cut their target price on Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Insider Activity at Parkland

In other Parkland news, Director James Allan Neate bought 5,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of C$33.29 per share, for a total transaction of C$166,450.00. Also, Director Michael Christian Jennings purchased 4,000 shares of Parkland stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of C$32.02 per share, for a total transaction of C$128,060.00. 20.51% of the stock is owned by insiders.

Parkland Trading Down 1.8 %

TSE:PKI opened at C$33.69 on Friday. The company has a 50-day moving average price of C$34.25 and a 200-day moving average price of C$35.21. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The stock has a market cap of C$5.87 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 12 month low of C$31.68 and a 12 month high of C$47.99.

Parkland (TSE:PKI) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.60. Parkland had a net margin of 1.23% and a return on equity of 12.26%. During the same period in the previous year, the firm earned $1.28 EPS. Equities analysts predict that Parkland will post 3.6022267 EPS for the current year.

About Parkland

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.