Parkland (TSE:PKI) PT Lowered to C$46.00 at BMO Capital Markets

Parkland (TSE:PKI) had its price target trimmed by BMO Capital Markets from C$49.00 to C$46.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

A number of other analysts have also recently weighed in on the company. National Bankshares reduced their price target on Parkland from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on Parkland from C$54.00 to C$53.00 in a research report on Tuesday, September 17th. Royal Bank of Canada dropped their price target on shares of Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. CIBC decreased their price objective on shares of Parkland from C$55.00 to C$54.00 in a report on Thursday, July 18th. Finally, ATB Capital dropped their target price on shares of Parkland from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$49.54.

Parkland Trading Up 0.1 %

Shares of TSE PKI opened at C$34.24 on Tuesday. The business has a 50 day simple moving average of C$35.51 and a 200 day simple moving average of C$38.03. Parkland has a 52 week low of C$33.61 and a 52 week high of C$47.99. The stock has a market cap of C$5.96 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33.

Parkland (TSE:PKI) last posted its earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. The company had revenue of C$7.50 billion during the quarter, compared to the consensus estimate of C$7.92 billion. Parkland had a net margin of 1.23% and a return on equity of 12.26%. On average, research analysts predict that Parkland will post 3.6022267 earnings per share for the current fiscal year.

Parkland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Thursday, September 19th. Parkland’s payout ratio is presently 65.73%.

Insider Activity at Parkland

In other Parkland news, Senior Officer Marcel Teunissen purchased 1,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of C$36.52 per share, with a total value of C$36,520.00. 20.51% of the stock is currently owned by corporate 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.