Parkland Co. (TSE:PKI) Director Purchases C$20,001.00 in Stock

Parkland Co. (TSE:PKI – Get Rating) Director James Pantelidis acquired 590 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were bought at an average price of C$33.90 per share, for a total transaction of C$20,001.00. Following the purchase, the director now directly owns 235,860 shares of the company’s stock, valued at C$7,995,654.

Shares of PKI stock traded up C$1.02 on Friday, reaching C$34.56. 423,251 shares of the company’s stock traded hands, compared to its average volume of 498,389. The company has a market capitalization of C$5.37 billion and a P/E ratio of 54.00. Parkland Co. has a 12-month low of C$31.18 and a 12-month high of C$41.89. The company has a debt-to-equity ratio of 238.25, a quick ratio of 0.75 and a current ratio of 1.39. The business’s 50 day moving average price is C$35.08 and its two-hundred day moving average price is C$34.60.

Parkland (TSE:PKI – Get Rating) last issued its earnings results on Thursday, March 3rd. The company reported C$0.36 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.11. The business had revenue of C$6.29 billion during the quarter, compared to analyst estimates of C$5.50 billion. Research analysts predict that Parkland Co. will post 3.39 earnings per share for the current year.

A number of research firms recently commented on PKI. Royal Bank of Canada lowered their price objective on shares of Parkland from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Friday, May 6th. Desjardins restated a “buy” rating and issued a C$49.00 price target on shares of Parkland in a research report on Wednesday, April 13th. National Bankshares decreased their price target on shares of Parkland from C$48.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Monday, March 7th. CIBC decreased their price target on shares of Parkland from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Monday, March 7th. Finally, Canaccord Genuity Group decreased their price target on shares of Parkland from C$48.00 to C$47.00 in a research report on Thursday, January 20th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$48.17.

About Parkland (Get Rating)

Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Central and South America. The company operates through four segments: Canada, USA, Supply, and International. The Canada segment owns, operates, supports, and distributes a coast-to-coast network of retail convenience, food, and fuel sites, as well as commercial cardlocks and bulk fuel facilities; and provides propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers.

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