Parkland Co. (TSE:PKI) Receives C$47.38 Consensus Price Target from Analysts

Shares of Parkland Co. (TSE:PKI) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$47.38.

Several research analysts recently weighed in on the stock. Cormark dropped their price objective on shares of Parkland from C$53.00 to C$49.00 in a research report on Friday, August 2nd. Scotiabank cut their price target on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Desjardins lowered their price objective on Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. CIBC cut their target price on shares of Parkland from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, ATB Capital reduced their target price on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Insider Buying and Selling at Parkland

In other Parkland news, Senior Officer Marcel Teunissen bought 1,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of C$36.52 per share, with a total value of C$36,520.00. In other news, Director Michael Christian Jennings acquired 4,000 shares of Parkland stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of C$32.02 per share, with a total value of C$128,060.00. Also, Senior Officer Marcel Teunissen bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of C$36.52 per share, for a total transaction of C$36,520.00. Insiders own 20.51% of the company’s stock.

Parkland Trading Down 0.5 %

Shares of TSE PKI opened at C$32.98 on Tuesday. Parkland has a 1-year low of C$31.68 and a 1-year high of C$47.99. The company has a 50-day moving average of C$34.93 and a two-hundred day moving average of C$37.40. The company has a market cap of C$5.74 billion, a PE ratio of 15.48, a P/E/G ratio of 11.79 and a beta of 1.33. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76.

Parkland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, September 19th. Parkland’s payout ratio is presently 65.73%.

Parkland Company Profile

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.