Parkland Co. (TSE:PKI – Get Rating) – Analysts at Desjardins cut their FY2023 earnings estimates for shares of Parkland in a research report issued on Tuesday, November 8th. Desjardins analyst C. Li now expects that the company will earn $2.47 per share for the year, down from their previous estimate of $2.71. The consensus estimate for Parkland’s current full-year earnings is $2.56 per share.
PKI has been the subject of a number of other reports. BMO Capital Markets cut their target price on shares of Parkland from C$44.00 to C$35.00 in a report on Thursday, October 20th. Scotiabank upgraded Parkland from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$45.00 to C$47.00 in a research note on Friday, August 5th. Raymond James dropped their price target on Parkland from C$52.00 to C$42.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 20th. CIBC dropped their target price on Parkland from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Thursday, October 20th. Finally, TD Securities reduced their target price on Parkland from C$50.00 to C$39.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$39.80.
Parkland Price Performance
Insider Transactions at Parkland
In other Parkland news, Director James Pantelidis bought 4,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of C$32.95 per share, with a total value of C$131,800.00. Following the purchase, the director now owns 264,528 shares in the company, valued at approximately C$8,716,197.60. In related news, Director James Pantelidis bought 4,000 shares of the stock in a transaction dated Friday, August 26th. The stock was bought at an average cost of C$32.95 per share, with a total value of C$131,800.00. Following the completion of the acquisition, the director now owns 264,528 shares of the company’s stock, valued at C$8,716,197.60. Also, Senior Officer Marcel Teunissen acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was acquired at an average cost of C$33.42 per share, with a total value of C$33,420.00. Following the completion of the acquisition, the insider now directly owns 11,562 shares in the company, valued at C$386,402.04. Insiders have acquired 12,410 shares of company stock worth $374,156 over the last quarter.
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.
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