Parkland (TSE:PKI – Get Free Report) had its price target decreased by analysts at National Bankshares from C$52.00 to C$49.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 27.11% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada cut their price objective on Parkland from C$54.00 to C$50.00 in a research report on Monday, April 15th. BMO Capital Markets cut their price target on Parkland from C$55.00 to C$52.00 in a report on Tuesday, July 16th. JPMorgan Chase & Co. decreased their price objective on shares of Parkland from C$56.00 to C$54.00 in a report on Tuesday, April 16th. Finally, CIBC reduced their target price on shares of Parkland from C$55.00 to C$54.00 in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$50.77.
View Our Latest Stock Report on PKI
Parkland Price Performance
Parkland (TSE:PKI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.19. Parkland had a net margin of 1.25% and a return on equity of 12.52%. The firm had revenue of C$6.94 billion for the quarter, compared to analysts’ expectations of C$8.13 billion. On average, sell-side analysts predict that Parkland will post 3.1594793 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Marcel Teunissen purchased 1,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was bought 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.
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