Parkland Fuel (PKI) Price Target Raised to C$48.00 at CIBC

Parkland Fuel (TSE:PKI) had its price objective increased by CIBC from C$46.00 to C$48.00 in a research note issued to investors on Friday, BayStreet.CA reports.

A number of other research firms have also weighed in on PKI. National Bank Financial increased their price objective on Parkland Fuel from C$48.00 to C$50.00 and gave the company an outperform rating in a research note on Friday. Royal Bank of Canada dropped their price objective on Parkland Fuel from C$40.00 to C$39.00 and set a sector perform rating for the company in a research note on Thursday, April 4th. AltaCorp Capital reissued an outperform rating on shares of Parkland Fuel in a research note on Wednesday, February 13th. Finally, Desjardins increased their price objective on Parkland Fuel from C$46.00 to C$50.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Parkland Fuel has an average rating of Buy and an average target price of C$46.33.

Shares of PKI opened at C$41.72 on Friday. The company has a market capitalization of $6.10 billion and a price-to-earnings ratio of 21.96. The company has a quick ratio of 0.79, a current ratio of 1.25 and a debt-to-equity ratio of 178.39. Parkland Fuel has a 1 year low of C$30.01 and a 1 year high of C$47.45.

Parkland Fuel (TSE:PKI) last issued its earnings results on Thursday, February 28th. The company reported C$0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.64 by C($0.07). The business had revenue of C$3.53 billion during the quarter, compared to analyst estimates of C$3.61 billion. Sell-side analysts anticipate that Parkland Fuel will post 2.06000004043083 earnings per share for the current fiscal year.

About Parkland Fuel

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

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