Parkland Co. (TSE:PKI) Given Average Recommendation of “Moderate Buy” by Brokerages

Parkland Co. (TSE:PKI) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$51.54.

Several brokerages have recently weighed in on PKI. JPMorgan Chase & Co. reduced their price target on Parkland from C$56.00 to C$54.00 in a report on Tuesday, April 16th. National Bankshares raised their price target on Parkland from C$49.00 to C$52.00 in a report on Monday, April 22nd. CIBC reduced their price target on Parkland from C$57.00 to C$55.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Royal Bank of Canada reduced their price target on Parkland from C$54.00 to C$50.00 in a report on Monday, April 15th. Finally, BMO Capital Markets reduced their price target on Parkland from C$57.00 to C$55.00 in a report on Tuesday, April 2nd.

Parkland Price Performance

PKI opened at C$38.59 on Wednesday. The stock has a fifty day simple moving average of C$39.59 and a two-hundred day simple moving average of C$42.48. The company has a current ratio of 1.37, a quick ratio of 0.73 and a debt-to-equity ratio of 210.21. The company has a market cap of C$6.74 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 11.79 and a beta of 1.37. Parkland has a 12-month low of C$32.14 and a 12-month high of C$47.99.

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

Parkland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, June 20th. This represents a $1.40 annualized dividend and a dividend yield of 3.63%. Parkland’s dividend payout ratio (DPR) is presently 64.52%.

Insider Activity at Parkland

In other news, Senior Officer Marcel Teunissen bought 1,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were 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.