Parkland Co. (TSE:PKI) Receives C$51.46 Average PT from Analysts

Shares of Parkland Co. (TSE:PKI) have earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$51.69.

PKI has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Parkland from C$56.00 to C$54.00 in a report on Tuesday, April 16th. National Bankshares lifted their price target on Parkland from C$49.00 to C$52.00 in a research report on Monday. Royal Bank of Canada cut their price objective on Parkland from C$54.00 to C$50.00 in a report on Monday, April 15th. Scotiabank lifted their target price on Parkland from C$50.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, BMO Capital Markets cut their price target on shares of Parkland from C$57.00 to C$55.00 in a report on Tuesday, April 2nd.

Parkland Trading Up 0.9 %

Parkland stock opened at C$43.15 on Friday. The company has a market cap of C$7.58 billion, a P/E ratio of 16.41, a PEG ratio of 11.79 and a beta of 1.38. Parkland has a 1 year low of C$30.29 and a 1 year high of C$47.99. The firm’s 50-day moving average is C$43.63 and its 200-day moving average is C$43.57. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.29.

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

Parkland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were given a $0.35 dividend. This is a positive change from Parkland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, March 21st. Parkland’s dividend payout ratio is presently 53.23%.

Insider Activity at Parkland

In other Parkland news, Senior Officer Darren Robert Smart sold 5,000 shares of Parkland stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$44.66, for a total value of C$223,304.50. In other Parkland news, Senior Officer Robert Berthold Espey sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$44.00, for a total transaction of C$484,000.00. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$44.66, for a total value of C$223,304.50. In the last quarter, insiders sold 42,392 shares of company stock valued at $1,867,999. 20.51% of the stock is owned by corporate insiders.

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.