Parkland Co. (TSE:PKI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$37.19 and traded as high as C$38.89. Parkland shares last traded at C$38.86, with a volume of 746,521 shares trading hands.
Analyst Ratings Changes
A number of analysts have weighed in on PKI shares. Scotiabank lowered shares of 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. 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. lowered shares of Parkland from an "overweight" rating to a "neutral" rating and cut their target price for the company from C$54.00 to C$41.00 in a research report on Wednesday, June 11th. Raymond James Financial cut their target price on shares of 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, BMO Capital Markets lowered shares of Parkland from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$43.73.
Check Out Our Latest Analysis on PKI
Parkland Price Performance
The company's 50 day moving average price is C$38.54 and its 200-day moving average price is C$37.19. The stock has a market cap of C$6.78 billion, a P/E ratio of 22.99, a P/E/G ratio of 11.79 and a beta of 0.15. 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 Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 20th were paid a dividend of $0.36 per share. 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 currently 84.02%.
About Parkland
(
Get Free Report)
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.
Further Reading
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