Parkland Co. (TSE:PKI - Get Free Report) Senior Officer Marcel Teunissen bought 1,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of C$40.35 per share, for a total transaction of C$40,350.00.
Parkland Stock Down 1.3 %
Shares of TSE:PKI opened at C$40.04 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The firm has a market cap of C$7.04 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 11.79 and a beta of 1.38. The stock's 50-day moving average price is C$42.63 and its two-hundred day moving average price is C$43.67. Parkland Co. has a 12-month low of C$32.14 and a 12-month high of C$47.99.
Parkland (TSE:PKI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported C$0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.64 by C$0.20. Parkland had a return on equity of 15.15% and a net margin of 1.45%. The firm had revenue of C$7.75 billion for the quarter, compared to analysts' expectations of C$8.41 billion. On average, research analysts forecast that Parkland Co. will post 3.302673 EPS for the current year.
Parkland Increases Dividend
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The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were given a $0.35 dividend. This is a boost from Parkland's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.50%. The ex-dividend date was Thursday, March 21st. Parkland's dividend payout ratio (DPR) is currently 53.23%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on PKI shares. TD Securities lifted their price target on shares of Parkland from C$52.00 to C$53.00 and gave the company a "buy" rating in a report on Tuesday, February 6th. National Bankshares boosted their target price on shares of Parkland from C$49.00 to C$52.00 in a research note on Monday, April 22nd. Royal Bank of Canada reduced their price target on shares of Parkland from C$54.00 to C$50.00 in a report on Monday, April 15th. BMO Capital Markets decreased their price objective on Parkland from C$57.00 to C$55.00 in a report on Tuesday, April 2nd. Finally, Scotiabank raised their price objective on Parkland from C$50.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$51.54.
Check Out Our Latest Analysis on Parkland
About Parkland
(
Get Free Report)
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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