Parkland Co. (TSE:PKI) Given Consensus Rating of “Moderate Buy” by Brokerages

Parkland Co. (TSE:PKI) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$51.46.

A number of analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of Parkland from C$50.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. National Bankshares reduced their price objective on shares of Parkland from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Royal Bank of Canada cut their target price on shares of Parkland from C$54.00 to C$50.00 in a research note on Monday. BMO Capital Markets cut their target price on shares of Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday.

Parkland Stock Performance

Shares of TSE PKI opened at C$43.30 on Friday. The firm has a fifty day moving average price of C$43.84 and a 200-day moving average price of C$43.45. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.29 and a quick ratio of 0.73. The stock has a market cap of C$7.61 billion, a PE ratio of 16.46, a price-to-earnings-growth 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.

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

Parkland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were paid a $0.35 dividend. This is a boost from Parkland’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, March 21st. Parkland’s dividend payout ratio (DPR) is presently 53.23%.

Insiders Place Their Bets

In other Parkland news, Senior Officer Robert Berthold Espey sold 7,500 shares of Parkland stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$43.75, for a total value of C$328,125.00. In other news, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were 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 firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$43.75, for a total transaction of C$328,125.00. Insiders sold 42,392 shares of company stock valued at $1,867,999 in the last three months. Corporate insiders own 20.51% of the company’s stock.

Parkland Company Profile

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.