Parkland (TSE:PKI) PT Lowered to C$53.00

Parkland (TSE:PKI) had its price objective decreased by TD Securities from C$55.00 to C$53.00 in a report issued on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. ATB Capital cut their price objective on shares of Parkland from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Cormark reduced their price objective on shares of Parkland from C$53.00 to C$49.00 in a research note on Friday, August 2nd. BMO Capital Markets lowered their target price on shares of Parkland from C$52.00 to C$49.00 in a research report on Thursday, August 1st. CIBC reduced their price target on Parkland from C$55.00 to C$54.00 in a research report on Thursday, July 18th. Finally, Royal Bank of Canada decreased their price target on Parkland from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$50.23.

Parkland Stock Up 0.1 %

PKI stock opened at C$36.67 on Wednesday. The company has a 50 day moving average of C$35.61 and a two-hundred day moving average of C$38.33. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76. Parkland has a 12-month low of C$34.17 and a 12-month high of C$47.99. The company has a market cap of C$6.38 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 11.79 and a beta of 1.33.

Parkland (TSE:PKI) last issued its earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.06. Parkland had a return on equity of 12.26% and a net margin of 1.23%. The firm had revenue of C$7.50 billion for the quarter, compared to the consensus estimate of C$7.92 billion. On average, equities analysts anticipate that Parkland will post 3.6022267 earnings per share for the current fiscal year.

Parkland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were paid a $0.35 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.82%. Parkland’s payout ratio is 65.73%.

Insider Buying and Selling

In related news, Senior Officer Marcel Teunissen purchased 1,000 shares of Parkland stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of C$36.52 per share, with a total value of C$36,520.00. 20.51% of the stock is currently 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.