Parkland (TSE:PKI) PT Lowered to C$53.00 at JPMorgan Chase & Co.

Parkland (TSE:PKI) had its price target cut by JPMorgan Chase & Co. from C$54.00 to C$53.00 in a research note released on Tuesday, BayStreet.CA reports.

PKI has been the topic of a number of other research reports. Royal Bank of Canada cut their price objective on shares of Parkland from C$49.00 to C$48.00 and set an outperform rating on the stock in a research report on Friday, August 2nd. CIBC lowered their target price on shares of Parkland from C$55.00 to C$54.00 in a research note on Thursday, July 18th. Cormark lowered their target price on shares of Parkland from C$53.00 to C$49.00 in a research note on Friday, August 2nd. TD Securities boosted their target price 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. Finally, National Bankshares lowered their target price on shares of Parkland from C$49.00 to C$48.00 and set an outperform rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Parkland has an average rating of Moderate Buy and an average price target of C$50.38.

Parkland Stock Performance

The stock has a fifty day simple moving average of C$36.41 and a two-hundred day simple moving average of C$39.26. Parkland has a 1 year low of C$34.50 and a 1 year high of C$47.99. The company has a market capitalization 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 debt-to-equity ratio of 206.76, a current ratio of 1.33 and a quick ratio of 0.73.

Parkland (TSE:PKI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of C$7.50 billion for the quarter, compared to analysts’ expectations of C$7.92 billion.

Parkland Dividend Announcement

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

Insider Buying and Selling

In other news, Senior Officer Marcel Teunissen purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of C$36.52 per share, with a total value of C$36,520.00. 20.51% of the stock is owned by 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.