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

Parkland Co. (TSE:PKI) has earned a consensus rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$48.08.

A number of equities research analysts have recently issued reports on PKI shares. 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 research note on Wednesday, October 16th. Raymond James lowered their price objective on Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. BMO Capital Markets lowered their price objective on Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. ATB Capital lowered their price objective on Parkland from C$49.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, National Bankshares decreased their target price on Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Insider Buying and Selling

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

Parkland Stock Down 0.3 %

Shares of TSE:PKI opened at C$34.32 on Friday. The stock’s fifty day simple moving average is C$34.25 and its 200-day simple moving average is C$35.24. Parkland has a 52-week low of C$31.68 and a 52-week high of C$47.99. The company has a market capitalization of C$5.98 billion, a P/E ratio of 16.11, a P/E/G ratio of 11.79 and a beta of 1.33. 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 (TSE:PKI) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.60 EPS for the quarter, hitting analysts’ consensus estimates of C$0.60. Parkland had a return on equity of 12.26% and a net margin of 1.23%. During the same period in the prior year, the business posted $1.28 EPS. As a group, equities research analysts forecast that Parkland will post 3.6022267 earnings per share for the current fiscal year.

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.