Raymond James Brokers Raise Earnings Estimates for Parkland

Parkland Co. (TSE:PKI) – Stock analysts at Raymond James increased their FY2025 earnings per share estimates for Parkland in a research report issued to clients and investors on Wednesday, November 27th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $3.28 for the year, up from their prior forecast of $3.11. The consensus estimate for Parkland’s current full-year earnings is $3.60 per share.

A number of other equities analysts have also recently issued reports on the stock. National Bankshares reduced their price objective on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Scotiabank reduced their price target on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets dropped their price objective on Parkland from C$49.00 to C$46.00 in a report on Tuesday, October 22nd. ATB Capital reduced their target price on Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, TD Securities lowered their price target on 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Parkland currently has a consensus rating of “Buy” and a consensus target price of C$48.08.

Parkland Stock Up 1.6 %

Shares of TSE:PKI opened at C$36.52 on Monday. The company has a debt-to-equity ratio of 206.76, a current ratio of 1.33 and a quick ratio of 0.73. The stock has a market cap of C$6.36 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 11.79 and a beta of 1.33. The company has a 50 day moving average of C$34.59 and a 200-day moving average of C$36.52. Parkland has a one year low of C$31.68 and a one year high of C$47.99.

Insider Activity at Parkland

In related news, 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 price of C$32.02 per share, with a total value of C$128,060.00. 20.51% of the stock is owned by insiders.

Parkland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, September 19th. Parkland’s payout ratio is 65.73%.

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.