Parkland Co. (TSE:PKI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Parkland Co. (TSE:PKI) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$50.46.

PKI has been the topic of a number of recent analyst reports. CIBC cut their price target on shares of Parkland from C$55.00 to C$54.00 in a research note on Thursday, July 18th. National Bankshares cut 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 note on Friday. BMO Capital Markets cut their price target on shares of Parkland from C$52.00 to C$49.00 in a research note on Thursday. TD Securities increased their price target on shares of Parkland from C$53.00 to C$55.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of Parkland from C$56.00 to C$54.00 in a research note on Tuesday, April 16th.

Parkland Stock Performance

Shares of PKI opened at C$36.00 on Friday. The company has a debt-to-equity ratio of 210.21, a quick ratio of 0.73 and a current ratio of 1.37. The company has a market capitalization of C$6.29 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 11.79 and a beta of 1.37. The company’s 50 day simple moving average is C$38.22 and its 200 day simple moving average is C$41.57. Parkland has a 1 year low of C$35.00 and a 1 year high of C$47.99.

Parkland (TSE:PKI) last announced its quarterly earnings data 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. The business had revenue of C$6.94 billion for the quarter, compared to the consensus estimate of C$8.13 billion. Parkland had a net margin of 1.25% and a return on equity of 12.52%. On average, sell-side analysts predict that Parkland will post 3.1594793 EPS for the current year.

Parkland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 21st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, June 20th. Parkland’s payout ratio is 64.52%.

Insider Activity at Parkland

In other news, Senior Officer Marcel Teunissen purchased 1,000 shares of the stock in a transaction that occurred 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. Company insiders own 20.51% of the company’s stock.

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.