Parkland (TSE:PKI) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Parkland Co. (TSE:PKI - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$36.63 and traded as high as C$39.29. Parkland shares last traded at C$39.14, with a volume of 385,568 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PKI. Canaccord Genuity Group decreased their price objective on shares of Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. ATB Capital decreased their price objective on shares of 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. JPMorgan Chase & Co. cut shares of Parkland from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from C$54.00 to C$41.00 in a research report on Wednesday, June 11th. Scotiabank cut shares of Parkland from a "strong-buy" rating to a "hold" rating and set a C$44.00 price objective on the stock. in a research report on Wednesday, June 25th. Finally, TD Securities cut shares of Parkland from a "buy" rating to a "sell" rating and decreased their price objective for the company from C$50.00 to C$44.00 in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$43.73.

Parkland Price Performance

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 firm has a fifty day moving average price of C$38.46 and a two-hundred day moving average price of C$36.63. The stock has a market capitalization of C$6.83 billion, a P/E ratio of 28.20, a P/E/G ratio of 11.79 and a beta of 1.33.

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 dividend on an annualized basis and a dividend yield of 3.7%. Parkland's dividend payout ratio is presently 100.88%.

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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