Parkland Co. (TSE:PKI) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Parkland Co. (TSE:PKI) has received a consensus recommendation of "Hold" from nine analysts, with one sell, three holds, and five buy ratings.
• The average 12-month price target for Parkland shares is C$43.73, though there have been recent downgrades by several firms affecting price targets.
• The company has declared a quarterly dividend of $0.36, with a market cap of C$6.69 billion and a dividend yield of 3.8% based on an annualized payout of $1.44.

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

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

Parkland Price Performance

PKI stock opened at C$38.35 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. 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$6.69 billion, a P/E ratio of 22.69, a P/E/G ratio of 11.79 and a beta of 0.15. The company's 50-day moving average price is C$38.54 and its two-hundred day moving average price is C$37.39.

Parkland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.8%. Parkland's payout ratio is currently 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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