Parkland (TSE:PKI) Price Target Raised to C$52.00

Parkland (TSE:PKI) had its price objective boosted by analysts at National Bankshares from C$49.00 to C$52.00 in a report released on Monday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 22.44% from the company’s current price.

Several other analysts have also recently commented on PKI. Royal Bank of Canada decreased their price target on shares of Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. JPMorgan Chase & Co. cut their price target on Parkland from C$56.00 to C$54.00 in a report on Tuesday, April 16th. TD Securities increased their target price on Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets reduced their price target on shares of Parkland from C$57.00 to C$55.00 in a research report on Tuesday, April 2nd. Finally, Scotiabank increased their price objective on shares of Parkland from C$50.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$51.69.

Parkland Stock Performance

PKI stock traded up C$0.28 during midday trading on Monday, reaching C$42.47. 153,005 shares of the company’s stock traded hands, compared to its average volume of 481,815. The stock’s 50-day moving average is C$43.79 and its 200 day moving average is C$43.53. The stock has a market cap of C$7.47 billion, a P/E ratio of 16.17, a PEG ratio of 11.79 and a beta of 1.38. Parkland has a 52-week low of C$30.29 and a 52-week high of C$47.99. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87.

Parkland (TSE:PKI) last posted its quarterly earnings results on Tuesday, February 27th. The company reported C$0.84 earnings per share for the quarter, topping the consensus estimate of C$0.64 by C$0.20. The business had revenue of C$7.75 billion during the quarter, compared to the consensus estimate of C$8.41 billion. Parkland had a return on equity of 15.15% and a net margin of 1.45%. As a group, analysts anticipate that Parkland will post 3.302673 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Darren Robert Smart sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total value of C$43,000.00. In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total transaction of C$43,000.00. Also, Senior Officer Robert Berthold Espey sold 7,500 shares of Parkland stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$43.75, for a total value of C$328,125.00. Insiders have sold 42,392 shares of company stock valued at $1,867,999 in the last 90 days. Company insiders own 20.51% of the company’s stock.

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.