Parkland Co. (TSE:PKI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Parkland Co. (TSE:PKI) have been given an average rating of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$50.38.

PKI has been the topic of a number of research reports. Royal Bank of Canada decreased their price objective on Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Parkland from C$54.00 to C$53.00 in a report on Tuesday, September 17th. TD Securities upped their price objective on shares of Parkland from C$53.00 to C$55.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. CIBC decreased their target price on shares of Parkland from C$55.00 to C$54.00 in a research report on Thursday, July 18th. Finally, BMO Capital Markets cut their price target on shares of Parkland from C$52.00 to C$49.00 in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other Parkland news, Senior Officer Marcel Teunissen bought 1,000 shares of Parkland stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of C$36.52 per share, with a total value of C$36,520.00. Company insiders own 20.51% of the company’s stock.

Parkland Trading Down 1.4 %

Shares of Parkland stock opened at C$35.01 on Monday. The company has a debt-to-equity ratio of 206.76, a current ratio of 1.33 and a quick ratio of 0.73. Parkland has a 1 year low of C$34.50 and a 1 year high of C$47.99. The firm has a market cap of C$6.10 billion, a PE ratio of 16.67, a PEG ratio of 11.79 and a beta of 1.34. The company has a 50 day simple moving average of C$36.37 and a two-hundred day simple moving average of C$39.20.

Parkland (TSE:PKI) last announced its earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.06. Parkland had a net margin of 1.23% and a return on equity of 12.26%. The company had revenue of C$7.50 billion during the quarter, compared to analyst estimates of C$7.92 billion.

Parkland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 20th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, September 20th. This represents a $1.40 dividend on an annualized basis and a yield of 4.00%. Parkland’s dividend payout ratio is presently 65.73%.

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.