Parkland (TSE:PKI) PT Raised to C$52.00

Parkland (TSE:PKI) had its price target upped by investment analysts at National Bankshares from C$49.00 to C$52.00 in a research report issued on Monday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 21.75% from the company’s previous close.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. Royal Bank of Canada dropped their price target on shares of Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. TD Securities lifted their price target on shares of Parkland from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Scotiabank lifted their price target on shares of Parkland from C$50.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets dropped their price target on shares of Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$51.69.

Parkland Trading Up 0.6 %

TSE PKI opened at C$42.71 on Monday. The company’s fifty day simple moving average is C$43.68 and its 200-day simple moving average is C$43.58. Parkland has a 52 week low of C$30.29 and a 52 week high of C$47.99. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The stock has a market cap of C$7.51 billion, a P/E ratio of 16.24, a PEG ratio of 11.79 and a beta of 1.38.

Parkland (TSE:PKI) last posted its earnings results on Tuesday, February 27th. The company reported C$0.84 EPS for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.20. Parkland had a net margin of 1.45% and a return on equity of 15.15%. The business had revenue of C$7.75 billion for the quarter, compared to analysts’ expectations of C$8.41 billion. Equities research analysts predict that Parkland will post 3.302673 EPS for the current fiscal year.

Insider Buying and Selling at Parkland

In other news, Senior Officer Darren Robert Smart sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total transaction of C$43,000.00. In other news, Senior Officer Robert Berthold Espey sold 7,500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$43.75, for a total transaction of C$328,125.00. Also, Senior Officer Darren Robert Smart sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total transaction of C$43,000.00. Insiders sold a total of 42,392 shares of company stock worth $1,867,999 over the last 90 days. Insiders own 20.51% of the company’s stock.

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.