Parkland (TSE:PKI) PT Lowered to C$47.00 at Raymond James

Parkland (TSE:PKI) had its target price decreased by Raymond James from C$55.00 to C$47.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Several other research firms have also weighed in on PKI. JPMorgan Chase & Co. cut their target price on shares of Parkland from C$54.00 to C$53.00 in a report on Tuesday, September 17th. Canaccord Genuity Group cut their price objective on shares of Parkland from C$48.00 to C$47.00 and set a “buy” rating for the company in a report on Thursday, October 17th. ATB Capital lowered their target price on shares of Parkland from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets cut their price target on Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their price target on Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Parkland presently has an average rating of “Moderate Buy” and an average target price of C$49.31.

Parkland Price Performance

TSE:PKI opened at C$34.44 on Friday. The firm’s fifty day moving average is C$35.48 and its two-hundred day moving average is C$37.92. The firm has a market cap of C$6.00 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a one year low of C$33.61 and a one year high of C$47.99. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33.

Parkland (TSE:PKI) last posted its earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. The firm had revenue of C$7.50 billion for the quarter, compared to analyst estimates of C$7.92 billion. Parkland had a return on equity of 12.26% and a net margin of 1.23%. Research analysts expect that Parkland will post 3.6022267 EPS for the current year.

Parkland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, September 19th. Parkland’s dividend payout ratio (DPR) is currently 65.73%.

Insiders Place Their Bets

In related news, Senior Officer Marcel Teunissen bought 1,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of C$36.52 per share, with a total value of C$36,520.00. 20.51% of the stock is owned by company insiders.

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.