Analysts Set Parkland Co. (TSE:PKI) Price Target at C$48.08

Shares of Parkland Co. (TSE:PKI) have been assigned a consensus rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is C$48.08.

A number of analysts recently weighed in on the company. TD Securities dropped their target price on Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Raymond James cut their price objective on shares of Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. CIBC lifted their target price on shares of Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. ATB Capital cut their price target on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, BMO Capital Markets decreased their price objective on Parkland from C$49.00 to C$46.00 in a report on Tuesday, October 22nd.

Parkland Stock Down 1.3 %

Shares of TSE PKI opened at C$34.71 on Friday. The business has a 50-day simple moving average of C$34.21 and a two-hundred day simple moving average of C$35.28. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76. Parkland has a 52 week low of C$31.68 and a 52 week high of C$47.99. The company has a market cap of C$6.04 billion, a P/E ratio of 16.30, a P/E/G ratio of 11.79 and a beta of 1.33.

Parkland (TSE:PKI) last posted its earnings results on Wednesday, October 30th. The company reported C$0.60 EPS for the quarter, hitting the consensus estimate of C$0.60. Parkland had a return on equity of 12.26% and a net margin of 1.23%. During the same quarter in the previous year, the business earned $1.28 earnings per share. Research analysts anticipate that Parkland will post 3.6022267 earnings per share for the current fiscal year.

Insider Transactions at Parkland

In related news, Director Michael Christian Jennings acquired 4,000 shares of Parkland stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of C$32.02 per share, for a total transaction of C$128,060.00. Also, Director James Allan Neate purchased 5,000 shares of Parkland stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of C$33.29 per share, for a total transaction of C$166,450.00. Corporate insiders own 20.51% of the company’s stock.

About Parkland

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.