Parkland (TSE:PKI – Get Free Report) had its price target reduced by Desjardins from C$48.00 to C$46.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 28.49% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on PKI. JPMorgan Chase & Co. reduced their price objective on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. TD Securities increased their target price on Parkland from C$53.00 to C$55.00 and gave the company a “buy” rating in a research note on Friday. National Bankshares lowered their target price on shares of Parkland from C$52.00 to C$49.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. CIBC reduced their price target on shares of Parkland from C$55.00 to C$54.00 in a research report on Thursday, July 18th. Finally, Cormark lowered their price objective on shares of Parkland from C$53.00 to C$49.00 in a research report on Friday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Parkland currently has a consensus rating of “Moderate Buy” and an average target price of C$50.46.
View Our Latest Stock Analysis on Parkland
Parkland Trading Down 3.2 %
Parkland (TSE:PKI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.19. The firm had revenue of C$6.94 billion during the quarter, compared to analyst estimates of C$8.13 billion. Parkland had a return on equity of 12.52% and a net margin of 1.25%. On average, sell-side analysts anticipate that Parkland will post 3.1594793 earnings per share for the current fiscal year.
Insider Buying and Selling at Parkland
In other news, Senior Officer Marcel Teunissen acquired 1,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of C$40.35 per share, for a total transaction of C$40,350.00. Insiders own 20.51% of the company’s stock.
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.
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