Scotiabank Trims Parkland Fuel (TSE:PKI) Target Price to C$42.00

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Parkland Fuel (TSE:PKI) had its price objective trimmed by Scotiabank from C$50.00 to C$42.00 in a report issued on Monday, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Royal Bank of Canada cut their price objective on shares of Parkland Fuel from C$52.00 to C$46.00 and set an outperform rating on the stock in a research note on Monday, March 16th. Raymond James cut their price objective on shares of Parkland Fuel from C$48.00 to C$45.00 and set an outperform rating on the stock in a research note on Monday, March 9th. TD Securities cut their price objective on shares of Parkland Fuel from C$56.00 to C$50.00 and set a buy rating on the stock in a research note on Monday, March 9th. AltaCorp Capital increased their price objective on shares of Parkland Fuel from C$51.00 to C$53.00 in a research note on Tuesday, February 4th. Finally, National Bank Financial cut their price objective on shares of Parkland Fuel from C$51.00 to C$47.00 in a research note on Monday, March 9th. Five research analysts have rated the stock with a buy rating, Parkland Fuel presently has a consensus rating of Buy and an average target price of C$47.00.

Shares of Parkland Fuel stock opened at C$24.67 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 170.55. Parkland Fuel has a 12-month low of C$17.57 and a 12-month high of C$49.22. The firm has a market capitalization of $3.07 billion and a price-to-earnings ratio of 9.67. The firm’s 50 day simple moving average is C$38.67 and its two-hundred day simple moving average is C$44.10.

Parkland Fuel (TSE:PKI) last released its quarterly earnings data on Thursday, March 5th. The company reported C$1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.43 by C$0.74. The business had revenue of C$4.78 billion during the quarter, compared to analyst estimates of C$4.71 billion. On average, sell-side analysts predict that Parkland Fuel will post 2.07 EPS for the current fiscal year.

About Parkland Fuel

Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.

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Analyst Recommendations for Parkland Fuel (TSE:PKI)

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