Parkland Co. (TSE:PKI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Parkland Co. (TSE:PKI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$44.46.

Several equities research analysts recently issued reports on the company. Raymond James Financial cut their price target on Parkland from C$47.00 to C$45.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Scotiabank downgraded shares of Parkland from a "strong-buy" rating to a "hold" rating and set a C$44.00 price target for the company. in a report on Wednesday, June 25th. BMO Capital Markets downgraded Parkland from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. Canaccord Genuity Group decreased their price objective on Parkland from C$45.00 to C$42.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, ATB Capital cut their price target on shares of Parkland from C$46.00 to C$45.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th.

Parkland Stock Performance

Shares of TSE:PKI traded down C$0.25 during trading on Friday, reaching C$38.33. 674,052 shares of the stock were exchanged, compared to its average volume of 845,441. Parkland has a 12 month low of C$30.09 and a 12 month high of C$40.29. The firm has a market cap of C$6.68 billion, a PE ratio of 27.62, a PEG ratio of 11.79 and a beta of 1.33. The stock has a 50-day moving average price of C$38.57 and a 200-day moving average price of C$36.08. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87.

Parkland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 20th were paid a $0.36 dividend. This is a positive change from Parkland's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 3.76%. Parkland's dividend payout ratio (DPR) is 100.88%.

About Parkland

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.