Parkland Fuel (TSE:PKI) had its price target cut by Royal Bank of Canada from C$54.00 to C$53.00 in a research report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research analysts also recently issued reports on the company. BMO Capital Markets boosted their price objective on Parkland Fuel from C$50.00 to C$52.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their price objective on Parkland Fuel from C$56.00 to C$53.00 in a research note on Tuesday, October 22nd. Raymond James set a C$51.00 price objective on Parkland Fuel and gave the company an outperform rating in a research note on Tuesday, November 5th. CIBC boosted their price objective on Parkland Fuel from C$49.50 to C$51.00 in a research note on Wednesday, November 6th. Finally, TD Securities downgraded Parkland Fuel from an action list buy rating to a buy rating and set a C$54.00 price objective for the company. in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average target price of C$52.00.
Shares of TSE:PKI opened at C$47.94 on Friday. The stock has a 50 day moving average of C$47.47 and a 200 day moving average of C$44.61. The company has a market cap of $7.01 billion and a PE ratio of 24.56. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 170.80. Parkland Fuel has a 12-month low of C$34.84 and a 12-month high of C$49.06.
Parkland Fuel (TSE:PKI) last announced its quarterly earnings data on Monday, November 4th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.42 by C($0.26). The company had revenue of C$4.61 billion during the quarter, compared to the consensus estimate of C$4.71 billion. Equities research analysts predict that Parkland Fuel will post 1.66 earnings per share for the current fiscal year.
In related news, Director Timothy Hogarth sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of C$46.04, for a total value of C$690,672.00. Following the transaction, the director now directly owns 268,538 shares of the company’s stock, valued at approximately C$12,364,778.50.
Parkland Fuel Company Profile
Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.
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