Parkland Fuel (TSE:PKI) Price Target Lowered to C$53.00 at JPMorgan Chase & Co.

Parkland Fuel (TSE:PKI) had its price target trimmed by JPMorgan Chase & Co. from C$56.00 to C$53.00 in a report released on Tuesday morning, BayStreet.CA reports.

Other analysts have also issued reports about the stock. Raymond James reissued an outperform rating and issued a C$49.00 price target on shares of Parkland Fuel in a research report on Monday, September 9th. CIBC increased their price target on shares of Parkland Fuel from C$48.00 to C$49.50 in a research report on Friday, July 12th. National Bank Financial increased their price target on shares of Parkland Fuel from C$50.00 to C$51.00 and gave the stock an outperform rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada increased their price target on shares of Parkland Fuel from C$41.00 to C$44.00 and gave the stock a sector perform rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of C$49.50.

PKI stock opened at C$44.75 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.75 and a debt-to-equity ratio of 166.65. Parkland Fuel has a one year low of C$31.59 and a one year high of C$47.36. The firm has a market capitalization of $6.59 billion and a PE ratio of 20.71. The firm has a 50-day moving average of C$43.75 and a two-hundred day moving average of C$42.25.

Parkland Fuel (TSE:PKI) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.46 by C$0.24. The company had revenue of C$4.85 billion during the quarter, compared to analysts’ expectations of C$4.48 billion. On average, equities research analysts anticipate that Parkland Fuel will post 1.7823861 earnings per share for the current year.

In related news, Senior Officer Ian James White sold 5,100 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$43.00, for a total value of C$219,300.00. Following the transaction, the insider now owns 3,973 shares in the company, valued at C$170,839. Also, Director Timothy Hogarth sold 15,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of C$46.04, for a total value of C$690,672.00. Following the completion of the transaction, the director now owns 268,538 shares in the company, valued at approximately C$12,364,778.50. Insiders sold 37,494 shares of company stock valued at $1,149,985 over the last three months.

Parkland Fuel Company Profile

Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.

See Also: Buyback For Investors Defined

Analyst Recommendations for Parkland Fuel (TSE:PKI)

Receive News & Ratings for Parkland Fuel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parkland Fuel and related companies with MarketBeat.com's FREE daily email newsletter.