Parkland (TSE:PKI) Given New C$52.00 Price Target at National Bankshares

Parkland (TSE:PKI) had its price objective boosted by National Bankshares from C$49.00 to C$52.00 in a research note published on Monday, BayStreet.CA reports.

Several other brokerages have also recently issued reports on PKI. TD Securities upped their price target on shares of Parkland from C$52.00 to C$53.00 and gave the company a buy rating in a research report on Tuesday, February 6th. Royal Bank of Canada cut their target price on shares of Parkland from C$54.00 to C$50.00 in a research note on Monday, April 15th. Scotiabank increased their target price on shares of Parkland from C$50.00 to C$60.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. BMO Capital Markets dropped their price objective on shares of Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Parkland has a consensus rating of Moderate Buy and a consensus target price of C$51.69.

Parkland Price Performance

PKI stock opened at C$42.46 on Monday. The company has a 50 day simple moving average of C$43.73 and a 200 day simple moving average of C$43.55. The stock has a market cap of C$7.46 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 11.79 and a beta of 1.38. Parkland has a 1 year low of C$30.29 and a 1 year high of C$47.99. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.29 and a quick ratio of 0.73.

Parkland (TSE:PKI) last released its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.20. The business had revenue of C$7.75 billion during the quarter, compared to analysts’ expectations of C$8.41 billion. Parkland had a net margin of 1.45% and a return on equity of 15.15%. Research analysts anticipate that Parkland will post 3.302673 EPS for the current fiscal year.

Parkland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were given a $0.35 dividend. The ex-dividend date was Thursday, March 21st. This is an increase from Parkland’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 3.30%. Parkland’s dividend payout ratio (DPR) is currently 53.23%.

Insiders Place Their Bets

In other news, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total transaction of C$43,000.00. In other Parkland news, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total value of C$43,000.00. Also, Senior Officer Robert Berthold Espey sold 7,500 shares of Parkland stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$43.75, for a total value of C$328,125.00. Insiders have sold a total of 42,392 shares of company stock worth $1,867,999 over the last quarter. Company insiders own 20.51% of the company’s stock.

About Parkland

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.