Analysts Set Parkland Co. (TSE:PKI) PT at C$44.46

Shares of Parkland Co. (TSE:PKI) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$44.46.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Parkland from an “overweight” rating to a “neutral” rating and dropped their target price for the company from C$54.00 to C$41.00 in a report on Wednesday, June 11th. Raymond James Financial dropped their price target on shares of Parkland from C$47.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. National Bankshares cut shares of Parkland from an “outperform” rating to a “tender” rating and dropped their price target for the stock from C$42.00 to C$41.00 in a research note on Wednesday, June 25th. BMO Capital Markets cut shares of Parkland from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 2nd. Finally, TD Securities cut shares of Parkland from a “buy” rating to a “sell” rating and dropped their price target for the stock from C$50.00 to C$44.00 in a research note on Tuesday, May 6th.

Parkland Stock Performance

Shares of PKI stock opened at C$38.58 on Friday. Parkland has a 12 month low of C$30.09 and a 12 month high of C$40.29. The stock has a market cap of C$6.73 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company’s fifty day moving average price is C$38.57 and its 200-day moving average price is C$36.08.

Parkland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 20th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.73%. This is a boost from Parkland’s previous quarterly dividend of $0.35. Parkland’s dividend payout ratio is currently 100.88%.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.