BMO Capital Markets Lowers Parkland (TSE:PKI) Price Target to C$52.00

Parkland (TSE:PKI) had its price target decreased by research analysts at BMO Capital Markets from C$55.00 to C$52.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 39.63% from the company’s previous close.

PKI has been the subject of a number of other reports. JPMorgan Chase & Co. dropped their price target on Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. CIBC decreased their price target on Parkland from C$57.00 to C$55.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. National Bankshares increased their price target on Parkland from C$49.00 to C$52.00 in a report on Monday, April 22nd. Finally, Royal Bank of Canada decreased their price target on Parkland from C$54.00 to C$50.00 in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Parkland currently has an average rating of “Moderate Buy” and a consensus price target of C$51.31.

Parkland Price Performance

Shares of PKI stock traded down C$0.27 during trading on Tuesday, hitting C$37.24. The company had a trading volume of 273,100 shares, compared to its average volume of 506,894. The company has a debt-to-equity ratio of 210.21, a quick ratio of 0.73 and a current ratio of 1.37. The firm has a market capitalization of C$6.51 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 11.79 and a beta of 1.37. The stock’s 50-day moving average price is C$38.73 and its 200 day moving average price is C$42.12. Parkland has a one year low of C$34.45 and a one year high of C$47.99.

Parkland (TSE:PKI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.19. Parkland had a return on equity of 12.52% and a net margin of 1.25%. The business had revenue of C$6.94 billion during the quarter, compared to analysts’ expectations of C$8.13 billion. Equities analysts expect that Parkland will post 3.1594793 EPS for the current fiscal year.

Insider Activity at Parkland

In other Parkland news, Senior Officer Marcel Teunissen purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of C$40.35 per share, with a total value of C$40,350.00. 20.51% of the stock is owned by insiders.

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.