Raymond James Issues Negative Estimate for Parkland Earnings

Parkland Co. (TSE:PKI - Free Report) - Analysts at Raymond James dropped their FY2025 EPS estimates for Parkland in a report released on Tuesday, May 6th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $2.80 per share for the year, down from their previous estimate of $3.00. Raymond James has a "Outperform" rating and a $45.00 price target on the stock. The consensus estimate for Parkland's current full-year earnings is $3.60 per share.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Parkland from C$58.00 to C$55.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. ATB Capital reduced their target price on shares of Parkland from C$46.00 to C$45.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. National Bankshares lifted their price target on shares of Parkland from C$41.00 to C$42.00 in a report on Tuesday, May 6th. Scotiabank dropped their price objective on Parkland from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group decreased their target price on Parkland from C$45.00 to C$42.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$45.54.

Parkland Price Performance

Parkland stock remained flat at C$38.77 during mid-day trading on Thursday. The company had a trading volume of 742,681 shares, compared to its average volume of 930,765. The company has a market capitalization of C$6.76 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The business has a 50 day simple moving average of C$34.99 and a two-hundred day simple moving average of C$34.65. Parkland has a 1-year low of C$30.09 and a 1-year high of C$40.50.

Insider Activity

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$36.76, for a total transaction of C$183,800.00. Also, Director Nora Duke purchased 2,800 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of C$35.50 per share, for a total transaction of C$99,388.24. Company insiders own 20.51% of the company's stock.

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.