CIBC Increases Parkland Fuel (TSE:PKI) Price Target to C$49.50

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Parkland Fuel (TSE:PKI) had its price target boosted by equities research analysts at CIBC from C$48.00 to C$49.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 10.89% from the stock’s previous close.

A number of other equities research analysts have also weighed in on PKI. Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the stock a “buy” rating in a report on Friday, May 3rd. National Bank Financial set a C$1.90 target price on shares of Troilus Gold and gave the stock an “outperform” rating in a report on Friday, May 3rd. Desjardins upped their target price on shares of Stella-Jones from C$50.00 to C$54.00 in a report on Friday, May 3rd. BMO Capital Markets set a C$50.00 target price on shares of Parkland Fuel and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Finally, Raymond James increased their price objective on shares of S&P Global from $226.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$47.31.

PKI opened at C$44.64 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.25 and a debt-to-equity ratio of 178.39. Parkland Fuel has a fifty-two week low of C$31.59 and a fifty-two week high of C$47.45. The firm has a market cap of $6.53 billion and a price-to-earnings ratio of 23.49. The stock has a 50-day simple moving average of C$41.69.

Parkland Fuel (TSE:PKI) last posted its earnings results on Wednesday, May 1st. The company reported C$0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.37 by C$0.15. The business had revenue of C$4.22 billion during the quarter, compared to analyst estimates of C$4.81 billion. Sell-side analysts predict that Parkland Fuel will post 1.8500001 earnings per share for the current fiscal year.

In other Parkland Fuel news, Senior Officer Patricia Van De Sande sold 3,700 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$42.39, for a total value of C$156,843.00. Following the completion of the sale, the insider now owns 1,838 shares in the company, valued at approximately C$77,912.82. Also, Senior Officer Robert Berthold Espey sold 16,340 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$41.82, for a total transaction of C$683,366.58. Following the completion of the sale, the insider now owns 452,737 shares of the company’s stock, valued at approximately C$18,934,230.99.

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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Analyst Recommendations for Parkland Fuel (TSE:PKI)

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