Parkland (TSE:PKI) Stock Passes Above 200 Day Moving Average – Time to Sell?

Parkland Co. (TSE:PKI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$35.54 and traded as high as C$38.04. Parkland shares last traded at C$37.70, with a volume of 1,637,405 shares changing hands.

Wall Street Analyst Weigh In

PKI has been the topic of several recent analyst reports. TD Securities lowered shares of Parkland from a “buy” rating to a “sell” rating and reduced their price objective for the stock from C$50.00 to C$44.00 in a research note on Tuesday, May 6th. CIBC lowered shares of Parkland from an “outperform” rating to a “tender” rating and set a C$44.00 price target for the company. in a report on Monday, June 9th. National Bankshares raised their price objective on Parkland from C$41.00 to C$42.00 in a research note on Tuesday, May 6th. Canaccord Genuity Group reduced their target price on Parkland from C$45.00 to C$42.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, BMO Capital Markets downgraded Parkland from a “strong-buy” rating to a “hold” rating in a report on Monday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$44.54.

Parkland Stock Performance

The firm has a market cap of C$6.57 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The stock has a 50-day moving average of C$36.76 and a 200-day moving average of C$35.54. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.

Parkland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 20th will be issued a $0.36 dividend. This is an increase from Parkland’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.82%. Parkland’s dividend payout ratio (DPR) is 100.88%.

Parkland Company Profile

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.