FY2024 EPS Estimates for Parkland Cut by Atb Cap Markets

Parkland Co. (TSE:PKI) – Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Parkland in a report released on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $2.32 per share for the year, down from their prior forecast of $2.41. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share. Atb Cap Markets also issued estimates for Parkland’s Q4 2024 earnings at $0.59 EPS.

A number of other equities research analysts have also weighed in on the stock. Scotiabank decreased their price objective on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a report on Friday, November 1st. National Bankshares decreased their price target on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. CIBC increased their price objective on Parkland from C$48.00 to C$49.00 in a research note on Wednesday, November 27th. Canaccord Genuity Group reduced their price objective on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, TD Securities lowered their target price on Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Parkland currently has an average rating of “Buy” and a consensus price target of C$48.08.

Parkland Stock Up 3.7 %

TSE:PKI opened at C$33.50 on Monday. The company has a market cap of C$5.83 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a twelve month low of C$30.09 and a twelve month high of C$47.99. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The stock has a fifty day simple moving average of C$33.82 and a 200-day simple moving average of C$34.85.

Insider Activity at Parkland

In other Parkland news, Director James Allan Neate acquired 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of C$33.29 per share, with a total value of C$166,450.00. 20.51% of the stock is owned by corporate insiders.

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.