National Bankshares Cuts Parkland (TSE:PKI) Price Target to C$49.00

Parkland (TSE:PKI) had its price objective decreased by National Bankshares from C$52.00 to C$49.00 in a research note released on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on PKI. Royal Bank of Canada lowered their price objective on Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. CIBC decreased their price target on Parkland from C$55.00 to C$54.00 in a research note on Thursday, July 18th. BMO Capital Markets decreased their price target on Parkland from C$55.00 to C$52.00 in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their target price on Parkland from C$56.00 to C$54.00 in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Parkland has a consensus rating of Moderate Buy and an average price target of C$50.69.

Parkland Stock Performance

TSE PKI opened at C$37.82 on Tuesday. The stock has a market capitalization of C$6.61 billion, a PE ratio of 17.43, a P/E/G ratio of 11.79 and a beta of 1.37. The business has a 50 day simple moving average of C$38.38 and a two-hundred day simple moving average of C$41.88. The company has a debt-to-equity ratio of 210.21, a current ratio of 1.37 and a quick ratio of 0.73. Parkland has a 1-year low of C$35.00 and a 1-year high of C$47.99.

Parkland (TSE:PKI) last posted its quarterly earnings data 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. The business 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, research analysts predict that Parkland will post 3.1594793 EPS for the current fiscal year.

Parkland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $1.40 annualized dividend and a yield of 3.70%. Parkland’s dividend payout ratio (DPR) is 64.52%.

Insider Buying and Selling

In other news, Senior Officer Marcel Teunissen purchased 1,000 shares of the stock in a transaction on 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 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.