Parkland Fuel Corp (PKI) Receives C$41.14 Consensus Target Price from Brokerages

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Shares of Parkland Fuel Corp (TSE:PKI) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$42.43.

Several equities research analysts recently issued reports on PKI shares. CIBC lifted their price target on shares of Parkland Fuel from C$38.00 to C$44.50 in a report on Tuesday, August 7th. Royal Bank of Canada lifted their price target on shares of Parkland Fuel from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a report on Monday, July 30th. National Bank Financial lifted their price target on shares of Parkland Fuel from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Tuesday, July 24th. TD Securities lifted their price target on shares of Parkland Fuel from C$38.00 to C$45.00 in a report on Tuesday, August 7th. Finally, Canaccord Genuity lifted their price target on shares of Parkland Fuel from C$42.00 to C$44.00 and gave the company a “buy” rating in a report on Wednesday, July 25th.

PKI stock traded up C$1.37 during mid-day trading on Monday, hitting C$45.96. The stock had a trading volume of 673,200 shares, compared to its average volume of 377,425. Parkland Fuel has a 52 week low of C$23.41 and a 52 week high of C$46.46.

Parkland Fuel (TSE:PKI) last released its earnings results on Thursday, August 2nd. The company reported C$0.45 EPS for the quarter, missing the consensus estimate of C$0.48 by C($0.03). The firm had revenue of C$3.78 billion during the quarter, compared to the consensus estimate of C$3.28 billion. Parkland Fuel had a net margin of 0.49% and a return on equity of 3.28%.

The business also recently declared a monthly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 21st will be issued a dividend of $0.098 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, September 20th.

Parkland Fuel Company Profile

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

See Also: Leveraged Buyout (LBO)

Analyst Recommendations for Parkland Fuel (TSE:PKI)

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