Parkland (TSE:PKI) PT Lowered to C$48.00 at Royal Bank of Canada

Parkland (TSE:PKI) had its target price reduced by Royal Bank of Canada from C$49.00 to C$48.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Parkland from C$56.00 to C$54.00 in a research report on Tuesday, April 16th. TD Securities boosted their price objective on shares of Parkland from C$53.00 to C$55.00 and gave the stock a buy rating in a research report on Friday. CIBC lowered their target price on shares of Parkland from C$55.00 to C$54.00 in a report on Thursday, July 18th. BMO Capital Markets lowered their target price on shares of Parkland from C$52.00 to C$49.00 in a report on Thursday. Finally, National Bankshares lowered their target price on shares of Parkland from C$52.00 to C$49.00 and set an outperform rating on the stock in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Parkland currently has a consensus rating of Moderate Buy and a consensus price target of C$50.46.

Parkland Stock Performance

Shares of PKI stock opened at C$36.00 on Friday. The company’s fifty day simple moving average is C$38.22 and its 200-day simple moving average is C$41.59. The company has a quick ratio of 0.73, a current ratio of 1.37 and a debt-to-equity ratio of 210.21. The firm has a market cap of C$6.29 billion, a PE ratio of 16.59, a P/E/G ratio of 11.79 and a beta of 1.37. Parkland has a 12 month low of C$35.00 and a 12 month high of C$47.99.

Parkland (TSE:PKI) 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 business had revenue of C$6.94 billion for the quarter, compared to analyst estimates of C$8.13 billion. Parkland had a net margin of 1.25% and a return on equity of 12.52%. Equities research analysts expect that Parkland will post 3.1594793 EPS for the current fiscal year.

Parkland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 21st were given a $0.35 dividend. The ex-dividend date was Thursday, June 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.89%. Parkland’s payout ratio is presently 64.52%.

Insider Activity

In other Parkland news, Senior Officer Marcel Teunissen bought 1,000 shares of Parkland stock in a transaction dated 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. 20.51% of the stock is currently owned by company insiders.

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.