Parkland Co. (TSE:PKI) Receives C$43.73 Consensus Target Price from Analysts

Key Points

• Parkland Co. (TSE:PKI) has received a consensus rating of "Hold" from nine brokerages, with one sell rating, three hold ratings, and five buy ratings.
• The average one-year price target for Parkland's stock among analysts is C$43.73, following recent downgrades from firms including TD Securities and BMO Capital Markets.
• Parkland has recently increased its quarterly dividend to $0.36 per share, representing an annualized yield of 3.7% and a payout ratio of 84.02%.

Shares of Parkland Co. (TSE:PKI - Get Free Report) have earned an average recommendation of "Hold" from the nine research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$43.73.

A number of research analysts recently weighed in on PKI shares. Raymond James Financial decreased their target price on shares of Parkland from C$45.00 to C$44.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. BMO Capital Markets downgraded shares of Parkland from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. National Bankshares raised their target price on shares of Parkland from C$41.00 to C$42.00 and gave the company a "tender" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. downgraded shares of Parkland from an "overweight" rating to a "neutral" rating and decreased their target price for the company from C$54.00 to C$41.00 in a research report on Wednesday, June 11th. Finally, Scotiabank downgraded shares of Parkland from a "strong-buy" rating to a "hold" rating and set a C$44.00 target price for the company. in a research report on Wednesday, June 25th.

Parkland Stock Up 0.2%

Shares of TSE:PKI traded up C$0.07 during midday trading on Monday, reaching C$38.74. 722,913 shares of the company were exchanged, compared to its average volume of 768,616. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$40.29. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The stock has a fifty day simple moving average of C$38.53 and a two-hundred day simple moving average of C$37.20. The firm has a market cap of C$6.76 billion, a PE ratio of 22.92, a P/E/G ratio of 11.79 and a beta of 0.15.

Parkland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 20th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.7%. This is an increase from Parkland's previous quarterly dividend of $0.35. Parkland's dividend payout ratio (DPR) is 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.