Parkland Co. (TSE:PKI) Senior Officer Marcel Teunissen Acquires 1,000 Shares

Parkland Co. (TSE:PKI) Senior Officer Marcel Teunissen purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of C$40.35 per share, with a total value of C$40,350.00.

Parkland Trading Down 1.3 %

Shares of TSE:PKI opened at C$40.04 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The stock has a market capitalization of C$7.04 billion, a PE ratio of 15.22, a P/E/G ratio of 11.79 and a beta of 1.38. Parkland Co. has a 1 year low of C$32.14 and a 1 year high of C$47.99. The firm has a fifty day moving average price of C$42.63 and a 200 day moving average price of C$43.67.

Parkland (TSE:PKI) last announced its earnings results on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.20. Parkland had a return on equity of 15.15% and a net margin of 1.45%. The firm had revenue of C$7.75 billion during the quarter, compared to analysts’ expectations of C$8.41 billion. Analysts expect that Parkland Co. will post 3.302673 EPS for the current fiscal year.

Parkland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 22nd were given a $0.35 dividend. This is an increase from Parkland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, March 21st. Parkland’s dividend payout ratio (DPR) is currently 53.23%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Scotiabank raised their target price on shares of Parkland from C$50.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. BMO Capital Markets cut their target price on shares of Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. decreased their target price on Parkland from C$56.00 to C$54.00 in a research report on Tuesday, April 16th. Royal Bank of Canada dropped their price target on Parkland from C$54.00 to C$50.00 in a research report on Monday, April 15th. Finally, TD Securities raised their price objective on Parkland from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$51.54.

Parkland Company Profile

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.