Raymond James Financial Has Lowered Expectations for Parkland (TSE:PKI) Stock Price

Key Points

• Raymond James Financial has lowered its price target for Parkland (TSE:PKI) from C$45.00 to C$44.00, while maintaining an "outperform" rating.
• JPMorgan Chase downgraded Parkland's rating from "overweight" to "neutral" and set a new price objective of C$41.00.
• The stock's current price suggests a potential upside of 14.85% based on the new target set by Raymond James Financial.

Parkland (TSE:PKI - Free Report) had its price target reduced by Raymond James Financial from C$45.00 to C$44.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock. Raymond James Financial also issued estimates for Parkland's Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.83 EPS, FY2025 earnings at $2.99 EPS and FY2026 earnings at $3.61 EPS.

A number of other brokerages have also recently commented on PKI. BMO Capital Markets cut Parkland from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. CIBC cut Parkland from an "outperform" rating to a "tender" rating and set a C$44.00 price target on the stock. in a research report on Monday, June 9th. ATB Capital decreased their target price on 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. 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. Finally, JPMorgan Chase & Co. cut 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Parkland presently has a consensus rating of "Hold" and a consensus target price of C$43.73.

Parkland Price Performance

Shares of TSE PKI traded down C$0.11 during mid-day trading on Tuesday, reaching C$38.63. The company had a trading volume of 589,157 shares, compared to its average volume of 799,929. 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 one year low of C$30.09 and a one year high of C$40.29. The firm has a market cap of C$6.74 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 11.79 and a beta of 1.33. The business's 50-day simple moving average is C$38.40 and its 200 day simple moving average is C$36.80.

Parkland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 20th were issued a dividend of $0.36 per share. This is a boost from Parkland's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 3.7%. Parkland's payout ratio 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.