Parkland Co. (TSE:PKI) Receives C$44.54 Consensus Target Price from Brokerages

Shares of Parkland Co. (TSE:PKI) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$44.54.

PKI has been the topic of several analyst reports. Canaccord Genuity Group lowered their target price on Parkland from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. downgraded Parkland from an “overweight” rating to a “neutral” rating and lowered their target price for the company from C$54.00 to C$41.00 in a research report on Wednesday, June 11th. TD Securities downgraded Parkland from a “buy” rating to a “sell” rating and lowered their target price for the company from C$50.00 to C$44.00 in a research report on Tuesday, May 6th. ATB Capital lowered their target price on Parkland from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, National Bankshares lifted their target price on Parkland from C$41.00 to C$42.00 in a research report on Tuesday, May 6th.

Parkland Price Performance

TSE PKI opened at C$38.60 on Wednesday. The company has a market capitalization of C$6.73 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The business’s fifty day moving average is C$37.26 and its 200 day moving average is C$35.61. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$40.29.

Parkland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.36 per share. This is a positive change from Parkland’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 3.73%. Parkland’s dividend payout ratio (DPR) is 100.88%.

About Parkland

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.