Parkland (TSE:PKI) Price Target Lowered to C$46.00 at ATB Capital

Parkland (TSE:PKI) had its price objective reduced by stock analysts at ATB Capital from C$49.00 to C$46.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 39.56% from the company’s current price.

Several other research firms also recently weighed in on PKI. Desjardins cut their target price on Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. CIBC cut their price objective on shares of Parkland from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Friday. Scotiabank lowered their target price on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a report on Friday. Raymond James cut their price target on shares of Parkland from C$55.00 to C$47.00 in a report on Friday, October 25th. Finally, TD Securities decreased their price objective on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$47.38.

Parkland Stock Performance

Parkland stock opened at C$32.96 on Friday. The company’s 50-day moving average price is C$35.22 and its 200-day moving average price is C$37.68. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76. The company has a market cap of C$5.74 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a twelve month low of C$32.00 and a twelve month high of C$47.99.

Parkland (TSE:PKI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 earnings per share 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 research analysts forecast that Parkland will post 3.6022267 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Marcel Teunissen purchased 1,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of C$36.52 per share, for a total transaction of C$36,520.00. 20.51% of the stock is currently owned by company insiders.

Parkland Company Profile

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.