Parkland (TSE:PKI) PT Lowered to C$49.00 at Cormark

Parkland (TSE:PKI) had its target price decreased by Cormark from C$53.00 to C$49.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada lowered their target price on shares of Parkland from C$50.00 to C$49.00 in a research note on Wednesday, July 24th. BMO Capital Markets lowered their target price on shares of Parkland from C$52.00 to C$49.00 in a research note on Thursday. Desjardins lowered their target price on shares of Parkland from C$51.00 to C$48.00 and set a buy rating for the company in a research note on Tuesday, July 23rd. National Bankshares lowered their target price on shares of Parkland from C$52.00 to C$49.00 and set an outperform rating for the company in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Parkland presently has an average rating of Moderate Buy and an average target price of C$50.46.

Parkland Price Performance

PKI stock opened at C$36.00 on Friday. The company has a fifty day moving average price of C$38.22 and a 200-day moving average price of C$41.59. The company has a market capitalization of C$6.29 billion, a P/E ratio of 16.59, a PEG ratio of 11.79 and a beta of 1.37. Parkland has a 52-week low of C$35.00 and a 52-week high of C$47.99. The company has a debt-to-equity ratio of 210.21, a quick ratio of 0.73 and a current ratio of 1.37.

Parkland (TSE:PKI) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.19. Parkland had a net margin of 1.25% and a return on equity of 12.52%. The firm had revenue of C$6.94 billion during the quarter, compared to the consensus estimate of C$8.13 billion. As a group, equities analysts expect that Parkland will post 3.1594793 EPS for the current year.

Parkland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, June 20th. Parkland’s payout ratio is presently 64.52%.

Insider Transactions at Parkland

In other news, Senior Officer Marcel Teunissen acquired 1,000 shares of Parkland stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of C$40.35 per share, with a total value of C$40,350.00. 20.51% of the stock is currently owned by insiders.

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.