Parkland Fuel (TSE:PKI) Price Target Raised to C$49.50

Parkland Fuel (TSE:PKI) had its target price boosted by equities researchers at CIBC from C$48.00 to C$49.50 in a research note issued on Friday, BayStreet.CA reports. CIBC’s price objective points to a potential upside of 11.44% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. National Bank Financial set a C$1.90 target price on shares of Troilus Gold and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Desjardins boosted their target price on shares of Stella-Jones from C$50.00 to C$54.00 in a research note on Friday, May 3rd. Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the stock a “buy” rating in a research note on Friday, May 3rd. BMO Capital Markets set a C$50.00 target price on shares of Parkland Fuel and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Finally, Raymond James boosted their target price on shares of S&P Global from $226.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Parkland Fuel presently has an average rating of “Buy” and an average target price of C$47.31.

Shares of Parkland Fuel stock traded up C$1.31 during trading hours on Friday, reaching C$44.42. 541,849 shares of the company were exchanged, compared to its average volume of 382,629. Parkland Fuel has a 1 year low of C$31.59 and a 1 year high of C$47.45. The firm has a fifty day moving average of C$41.60. The company has a current ratio of 1.25, a quick ratio of 0.79 and a debt-to-equity ratio of 178.39. The company has a market capitalization of $6.38 billion and a price-to-earnings ratio of 23.39.

Parkland Fuel (TSE:PKI) last issued its earnings results on Wednesday, May 1st. The company reported C$0.52 EPS for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.15. The firm had revenue of C$4.22 billion for the quarter, compared to analyst estimates of C$4.81 billion. As a group, sell-side analysts forecast that Parkland Fuel will post 1.8500001 earnings per share for the current year.

In other Parkland Fuel news, Senior Officer Robert Berthold Espey sold 16,340 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$41.82, for a total value of C$683,366.58. Following the completion of the transaction, the insider now owns 452,737 shares in the company, valued at C$18,934,230.99. Also, Senior Officer Patricia Van De Sande sold 3,700 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$42.39, for a total transaction of C$156,843.00. Following the completion of the transaction, the insider now owns 1,838 shares of the company’s stock, valued at approximately C$77,912.82.

Parkland Fuel Company Profile

Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.

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