Parkland (TSE:PKI) PT Lowered to C$53.00 at TD Securities

Parkland (TSE:PKI) had its target price decreased by TD Securities from C$55.00 to C$53.00 in a research note published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

PKI has been the topic of several other reports. BMO Capital Markets cut their target price on Parkland from C$52.00 to C$49.00 in a research note on Thursday, August 1st. Cormark cut their target price on Parkland from C$53.00 to C$49.00 in a research note on Friday, August 2nd. CIBC lowered their price objective on shares of Parkland from C$55.00 to C$54.00 in a report on Thursday, July 18th. ATB Capital lowered their price objective on shares of Parkland from C$54.00 to C$52.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, National Bankshares lowered their price objective on shares of Parkland from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Parkland has a consensus rating of “Moderate Buy” and an average price target of C$49.92.

Parkland Stock Up 0.3 %

Shares of TSE:PKI opened at C$35.43 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The stock has a market capitalization of C$6.17 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a 12-month low of C$34.17 and a 12-month high of C$47.99. The stock’s 50-day moving average price is C$35.59 and its 200-day moving average price is C$38.23.

Parkland (TSE:PKI) last posted 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. The company had revenue of C$7.50 billion for the quarter, compared to analysts’ expectations of C$7.92 billion. Parkland had a return on equity of 12.26% and a net margin of 1.23%. On average, equities analysts anticipate that Parkland will post 3.6022267 earnings per share for the current year.

Parkland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.95%. Parkland’s payout ratio is 65.73%.

Insider Activity

In other Parkland news, Senior Officer Marcel Teunissen bought 1,000 shares of the stock in a transaction dated 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. 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.