Raymond James Financial Lowers Parkland (TSE:PKI) Price Target to C$44.00

Parkland (TSE:PKI) had its price target decreased by Raymond James Financial from C$45.00 to C$44.00 in a research note published on Tuesday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

PKI has been the topic of several other research reports. ATB Capital reduced their price target on Parkland from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. TD Securities lowered Parkland from a “buy” rating to a “sell” rating and reduced their price target for the stock from C$50.00 to C$44.00 in a report on Tuesday, May 6th. Canaccord Genuity Group reduced their price target on Parkland from C$45.00 to C$42.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Scotiabank lowered Parkland from a “strong-buy” rating to a “hold” rating and set a C$44.00 price target on the stock. in a report on Wednesday, June 25th. Finally, BMO Capital Markets lowered Parkland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$43.73.

Parkland Trading Up 1.0%

Shares of PKI stock opened at C$38.34 on Tuesday. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$40.29. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The stock’s fifty day moving average is C$38.40 and its two-hundred day moving average is C$36.75. The firm has a market capitalization of C$6.69 billion, a P/E ratio of 27.63, a PEG ratio of 11.79 and a beta of 1.33.

Parkland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 20th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Parkland’s previous quarterly dividend of $0.35. Parkland’s dividend payout ratio (DPR) is presently 100.88%.

Parkland Company Profile

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.