Parkland (TSE:PKI) Price Target Raised to C$42.00 at National Bankshares

Key Points

• Parkland's stock price target has been raised by National Bankshares from C$41.00 to C$42.00, suggesting a potential upside of 9.15% from its current price.
• Multiple analysts have issued varying ratings, with a consensus average rating of "Hold" and an average price target of C$43.82.
• The stock has recently experienced a decline, trading down 1.7% to C$38.48, despite having a 1-year high of C$40.29.

Parkland (TSE:PKI - Free Report) had its price objective raised by National Bankshares from C$41.00 to C$42.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have a tender rating on the stock.

Several other equities research analysts also recently weighed in on PKI. Canaccord Genuity Group decreased their price target on Parkland from C$45.00 to C$42.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Scotiabank lowered 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 report on Wednesday, June 25th. ATB Capital reduced their target price on shares of Parkland from C$46.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. CIBC cut shares of Parkland from an "outperform" rating to a "tender" rating and set a C$44.00 price objective for the company. in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. cut shares of Parkland from an "overweight" rating to a "neutral" rating and reduced their target price for the company from C$54.00 to C$41.00 in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Parkland has an average rating of "Hold" and an average price target of C$43.82.

Parkland Stock Performance

Parkland stock traded down C$0.02 during midday trading on Wednesday, hitting C$38.05. The stock had a trading volume of 344,299 shares, compared to its average volume of 807,152. The firm's fifty day moving average is C$38.44 and its two-hundred day moving average is C$36.66. Parkland has a 52-week low of C$30.09 and a 52-week high of C$40.29. The company has a market capitalization of C$6.64 billion, a PE ratio of 27.42, a P/E/G ratio of 11.79 and a beta of 1.33. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87.

Parkland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 20th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Parkland's previous quarterly dividend of $0.35. Parkland's dividend payout ratio is 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.