Parkland Co. (TSE:PKI) Receives Average Recommendation of “Buy” from Brokerages

Parkland Co. (TSE:PKIGet Rating) has received a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$48.17.

Several equities analysts recently commented on PKI shares. Raymond James set a C$52.00 price target on shares of Parkland and gave the company a “strong-buy” rating in a report on Monday, May 9th. Scotiabank upped their price target on shares of Parkland from C$44.00 to C$45.00 in a report on Friday, May 6th. CIBC dropped their target price on shares of Parkland from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, March 7th. National Bankshares dropped their target price on shares of Parkland from C$48.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Monday, March 7th. Finally, Desjardins restated a “buy” rating and issued a C$49.00 target price on shares of Parkland in a research note on Wednesday, April 13th.

Parkland stock opened at C$36.18 on Tuesday. The company has a market cap of C$5.52 billion and a PE ratio of 45.06. Parkland has a twelve month low of C$31.18 and a twelve month high of C$41.78. The company’s 50-day moving average price is C$36.38 and its 200-day moving average price is C$34.88. The company has a quick ratio of 0.85, a current ratio of 1.55 and a debt-to-equity ratio of 265.57.

Parkland (TSE:PKIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported C$0.87 EPS for the quarter, beating the consensus estimate of C$0.70 by C$0.17. The firm had revenue of C$7.61 billion for the quarter, compared to the consensus estimate of C$6.16 billion. As a group, sell-side analysts expect that Parkland will post 3.3400001 earnings per share for the current fiscal year.

In related news, Senior Officer Robert Berthold Espey sold 10,000 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of C$38.25, for a total transaction of C$382,500.00. Following the completion of the sale, the insider now owns 683,795 shares of the company’s stock, valued at C$26,155,158.75. Also, Senior Officer Darren Robert Smart sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of C$33.69, for a total transaction of C$505,350.00. Following the sale, the insider now directly owns 25,275 shares of the company’s stock, valued at approximately C$851,514.75. Insiders have sold 44,646 shares of company stock valued at $1,559,995 in the last three months.

Parkland Company Profile (Get Rating)

Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Central and South America. The company operates through four segments: Canada, USA, Supply, and International. The Canada segment owns, operates, supports, and distributes a coast-to-coast network of retail convenience, food, and fuel sites, as well as commercial cardlocks and bulk fuel facilities; and provides propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers.

Further Reading

Analyst Recommendations for Parkland (TSE:PKI)

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