Parkland (TSE:PKI) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Parkland Co. (TSE:PKI)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$37.60 and traded as high as C$38.83. Parkland shares last traded at C$38.74, with a volume of 458,051 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PKI. Raymond James Financial decreased their target price on Parkland from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. National Bankshares raised their price target on Parkland from C$41.00 to C$42.00 and gave the company a “tender” rating in a report on Wednesday, August 6th. Finally, Scotiabank cut Parkland from a “strong-buy” rating to a “hold” rating and set a C$44.00 price target on the stock. in a report on Wednesday, June 25th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Parkland presently has an average rating of “Hold” and a consensus target price of C$43.73.

Parkland Stock Down 0.1%

The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The stock has a market cap of C$6.76 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 11.79 and a beta of 0.03. The firm has a 50 day simple moving average of C$38.55 and a two-hundred day simple moving average of C$37.60.

Parkland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.7%. Parkland’s dividend payout ratio is presently 84.02%.

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.