Parkland (TSE:PKI) Lowered to Hold Rating by BMO Capital Markets

Parkland (TSE:PKI - Get Free Report) was downgraded by investment analysts at BMO Capital Markets from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

PKI has been the topic of several other reports. TD Securities lowered Parkland from a "buy" rating to a "sell" rating and cut their target price for the company from C$50.00 to C$44.00 in a report on Tuesday, May 6th. National Bankshares raised their target price on Parkland from C$41.00 to C$42.00 in a report on Tuesday, May 6th. Canaccord Genuity Group cut their target price on Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. ATB Capital cut their target price on Parkland from C$46.00 to C$45.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, Scotiabank cut their target price on Parkland from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Parkland currently has an average rating of "Moderate Buy" and an average price target of C$45.54.

Parkland Stock Up 1.7%

TSE PKI traded up C$0.66 during trading on Monday, hitting C$39.39. 729,801 shares of the company traded hands, compared to its average volume of 886,766. Parkland has a 12 month low of C$30.09 and a 12 month high of C$40.29. The business has a fifty day simple moving average of C$36.10 and a 200 day simple moving average of C$35.41. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company has a market capitalization of C$6.87 billion, a P/E ratio of 28.38, a PEG ratio of 11.79 and a beta of 1.33.

Insider Transactions at Parkland

In other news, Director Nora Duke purchased 2,800 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of C$35.50 per share, for a total transaction of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$36.76, for a total value of C$183,800.00. 20.51% of the stock is currently owned by corporate insiders.

Parkland Company Profile

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.