Parkland (TSE:PKI) PT Lowered to C$54.00 at JPMorgan Chase & Co.

Parkland (TSE:PKI) had its target price cut by JPMorgan Chase & Co. from C$56.00 to C$54.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Several other analysts also recently weighed in on the company. CIBC boosted their price target on Parkland from C$50.00 to C$57.00 and gave the company an outperform rating in a research note on Tuesday, December 19th. BMO Capital Markets dropped their price target on Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. TD Securities upped their target price on Parkland from C$52.00 to C$53.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Scotiabank upped their target price on Parkland from C$50.00 to C$60.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. Finally, National Bankshares lowered their target price on Parkland from C$50.00 to C$49.00 and set an outperform rating on the stock in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Parkland has an average rating of Moderate Buy and a consensus price target of C$51.46.

Parkland Stock Down 0.7 %

Parkland stock opened at C$42.82 on Tuesday. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.29. The business’s 50-day simple moving average is C$43.92 and its two-hundred day simple moving average is C$43.46. The company has a market cap of C$7.53 billion, a PE ratio of 16.28, a PEG ratio of 11.79 and a beta of 1.38. Parkland has a fifty-two week low of C$30.29 and a fifty-two week high of C$47.99.

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

Parkland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were issued a $0.35 dividend. This is a boost from Parkland’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.27%. Parkland’s dividend payout ratio is presently 53.23%.

Insider Buying and Selling

In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total value of C$43,000.00. In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total value of C$43,000.00. Also, Senior Officer Robert Berthold Espey sold 7,500 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$43.75, for a total value of C$328,125.00. In the last 90 days, insiders sold 42,392 shares of company stock valued at $1,867,999. 20.51% of the stock is owned by company 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.