Royal Bank of Canada Trims Parkland (TSE:PKI) Target Price to C$50.00

Parkland (TSE:PKI) had its price objective decreased by equities research analysts at Royal Bank of Canada from C$54.00 to C$50.00 in a report issued on Monday, BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 15.82% from the stock’s previous close.

A number of other research analysts have also commented on PKI. Scotiabank increased their price objective on Parkland from C$50.00 to C$60.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. National Bankshares reduced their price target on Parkland from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. CIBC lifted their target price on Parkland from C$50.00 to C$57.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. TD Securities lifted their target price on Parkland from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lifted their price target on Parkland from C$51.00 to C$56.00 and gave the company an “overweight” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.62.

Parkland Trading Up 5.4 %

PKI traded up C$2.23 during mid-day trading on Monday, reaching C$43.17. The stock had a trading volume of 524,671 shares, compared to its average volume of 472,264. The stock has a market capitalization of C$7.59 billion, a P/E ratio of 16.35, a P/E/G ratio of 11.79 and a beta of 1.38. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.29. The firm’s fifty day simple moving average is C$44.04 and its two-hundred day simple moving average is C$43.41. Parkland has a 52 week low of C$30.29 and a 52 week high of C$47.99.

Parkland (TSE:PKI) last announced its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 EPS for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.20. The firm had revenue of C$7.75 billion for the quarter, compared to analyst estimates of C$8.41 billion. Parkland had a return on equity of 15.15% and a net margin of 1.45%. On average, equities analysts predict that Parkland will post 3.302673 EPS for the current year.

Insider Transactions at Parkland

In related news, Senior Officer Darren Robert Smart sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total value of C$43,000.00. In other Parkland news, Senior Officer Darren Robert Smart sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total transaction of C$43,000.00. Also, Senior Officer Robert Berthold Espey sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$43.75, for a total transaction of C$328,125.00. Insiders sold a total of 42,392 shares of company stock worth $1,867,999 over the last quarter. 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.