Parkland (TSE:PKI – Get Free Report) had its price objective dropped by analysts at Royal Bank of Canada from C$50.00 to C$49.00 in a research note issued on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 28.44% from the stock’s previous close.
PKI has been the subject of several other reports. Desjardins cut their target price on shares of Parkland from C$51.00 to C$48.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Parkland from C$56.00 to C$54.00 in a report on Tuesday, April 16th. National Bankshares lowered their target price on shares of Parkland from C$52.00 to C$49.00 and set an “outperform” rating on the stock in a report on Tuesday. BMO Capital Markets lowered their target price on shares of Parkland from C$55.00 to C$52.00 in a report on Tuesday, July 16th. Finally, CIBC lowered their target price on shares of Parkland from C$55.00 to C$54.00 in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Parkland presently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.69.
Get Our Latest Stock Analysis on Parkland
Parkland Stock Down 1.0 %
Parkland (TSE:PKI – Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.19. Parkland had a net margin of 1.25% and a return on equity of 12.52%. The business had revenue of C$6.94 billion during the quarter, compared to the consensus estimate of C$8.13 billion. On average, sell-side analysts forecast that Parkland will post 3.1594793 EPS for the current fiscal year.
Insider Activity at Parkland
In related news, Senior Officer Marcel Teunissen bought 1,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of C$40.35 per share, with a total value of C$40,350.00. 20.51% of the stock is currently owned by 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.
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