Parkland (TSE:PKI) PT Lowered to C$44.00 at Desjardins

Parkland (TSE:PKI) had its price target reduced by Desjardins from C$46.00 to C$44.00 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

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

Parkland Stock Up 0.6 %

TSE:PKI opened at C$34.44 on Wednesday. The company’s 50-day simple moving average is C$35.48 and its 200-day simple moving average is C$37.95. 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 has a fifty-two week low of C$33.61 and a fifty-two week high of C$47.99. The stock has a market capitalization of C$6.00 billion, a P/E ratio of 16.17, a P/E/G ratio of 11.79 and a beta of 1.33.

Parkland (TSE:PKI) last announced its earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share for the quarter, beating the consensus estimate of C$0.82 by C$0.06. The company had revenue of C$7.50 billion during the quarter, compared to the consensus estimate of C$7.92 billion. Parkland had a net margin of 1.23% and a return on equity of 12.26%. On average, equities analysts anticipate that Parkland will post 3.6022267 earnings per share for the current fiscal year.

Parkland Announces Dividend

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

Insider Buying and Selling at Parkland

In related news, Senior Officer Marcel Teunissen acquired 1,000 shares of Parkland stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of C$36.52 per share, for a total transaction of C$36,520.00. 20.51% of the stock is owned by corporate 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.