Parkland Co. (TSE:PKI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Parkland Co. (TSE:PKI) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$47.38.

PKI has been the subject of a number of analyst reports. Royal Bank of Canada decreased 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. JPMorgan Chase & Co. decreased their price target on shares of Parkland from C$54.00 to C$53.00 in a report on Tuesday, September 17th. Scotiabank dropped their price objective on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets decreased their target price on Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. Finally, Canaccord Genuity Group dropped their price target on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday.

Parkland Price Performance

Shares of PKI opened at C$32.18 on Tuesday. The stock has a market cap of C$5.60 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a 1 year low of C$31.88 and a 1 year high of C$47.99. The stock’s 50-day moving average price is C$35.22 and its two-hundred day moving average price is C$37.62. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76.

Parkland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.35%. Parkland’s dividend payout ratio (DPR) is presently 65.73%.

Insider Transactions at Parkland

In other Parkland news, Senior Officer Marcel Teunissen acquired 1,000 shares of Parkland stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of C$36.52 per share, for a total transaction of C$36,520.00. In related news, Senior Officer Marcel Teunissen acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of C$36.52 per share, for a total transaction of C$36,520.00. Also, Director Michael Christian Jennings acquired 4,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of C$32.02 per share, with a total value of C$128,060.00. 20.51% of the stock is currently owned by insiders.

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.