Parkland Co. (TSE:PKI) Given Average Recommendation of "Hold" by Analysts

Key Points

• Parkland Co. (TSE:PKI) has received an average rating of "Hold" from nine analysts, with one sell, three hold, and five buy recommendations.
• The company's current price target among analysts is C$43.73, with recent updates from National Bank and Raymond James adjusting their targets to C$42.00 and C$44.00 respectively.
• Parkland recently announced a quarterly dividend of $0.36 per share, yielding 3.6%, while its dividend payout ratio stands at 84.02%.

Shares of Parkland Co. (TSE:PKI - Get Free Report) have been assigned an average rating of "Hold" from the nine ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$43.73.

Several equities research analysts have weighed in on PKI shares. National Bankshares increased their price target on Parkland from C$41.00 to C$42.00 and gave the stock a "tender" rating in a research report on Wednesday, August 6th. Raymond James Financial dropped their target price on Parkland from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, Scotiabank cut Parkland from a "strong-buy" rating to a "hold" rating and set a C$44.00 target price on the stock. in a research report on Wednesday, June 25th.

Parkland Price Performance

Shares of PKI opened at C$39.93 on Tuesday. The business's 50-day moving average is C$38.68 and its two-hundred day moving average is C$37.78. The company has a market capitalization of C$6.96 billion, a P/E ratio of 23.63, a P/E/G ratio of 11.79 and a beta of 0.03. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$40.29.

Parkland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.6%. Parkland's dividend payout ratio (DPR) is presently 84.02%.

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.

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