Parkland (TSE:PKI) Given New C$44.00 Price Target at TD Securities

Parkland (TSE:PKI) had its price target hoisted by TD Securities from C$42.00 to C$44.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on PKI. Raymond James lowered Parkland from a strong-buy rating to an outperform rating and set a C$42.00 price objective for the company. in a report on Tuesday, August 1st. BMO Capital Markets increased their price objective on shares of Parkland from C$35.00 to C$40.00 in a research report on Thursday, June 1st. JPMorgan Chase & Co. decreased their price objective on shares of Parkland from C$39.00 to C$38.00 in a research report on Wednesday, June 7th. Finally, Royal Bank of Canada increased their price objective on shares of Parkland from C$42.00 to C$46.00 and gave the company an outperform rating in a research report on Friday, August 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$43.05.

Parkland Stock Performance

PKI stock opened at C$38.06 on Wednesday. The firm has a market cap of C$6.69 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 11.79 and a beta of 1.39. The firm has a 50-day simple moving average of C$35.56 and a two-hundred day simple moving average of C$33.24. Parkland has a one year low of C$24.25 and a one year high of C$39.07. The company has a debt-to-equity ratio of 209.61, a quick ratio of 0.73 and a current ratio of 1.39.

Parkland (TSE:PKI) last released its quarterly earnings results on Thursday, August 3rd. The company reported C$0.73 EPS for the quarter, beating the consensus estimate of C$0.61 by C$0.12. Parkland had a net margin of 0.96% and a return on equity of 12.38%. The business had revenue of C$7.82 billion during the quarter, compared to analyst estimates of C$8.81 billion. On average, equities analysts forecast that Parkland will post 2.9519231 EPS for the current fiscal year.

Parkland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 22nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, June 21st. Parkland’s dividend payout ratio is presently 70.83%.

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.