Parkland Co. (TSE:PKI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Parkland Co. (TSE:PKI) have been given a consensus rating of “Buy” by the nine ratings firms that are covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$48.08.

Several equities analysts have recently commented on the company. TD Securities reduced their price objective on Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Scotiabank reduced their price target on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on shares of Parkland from C$54.00 to C$53.00 in a report on Tuesday, September 17th. Cormark cut their price objective on shares of Parkland from C$53.00 to C$49.00 in a research note on Friday, August 2nd. Finally, Raymond James decreased their target price on shares of Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th.

Insider Buying and Selling

In other news, Director Michael Christian Jennings bought 4,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of C$32.02 per share, with a total value of C$128,060.00. 20.51% of the stock is currently owned by insiders.

Parkland Stock Down 1.6 %

PKI opened at C$36.15 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76. The business’s fifty day simple moving average is C$34.56 and its 200 day simple moving average is C$36.61. Parkland has a 52 week low of C$31.68 and a 52 week high of C$47.99. The stock has a market cap of C$6.29 billion, a PE ratio of 16.97, a P/E/G ratio of 11.79 and a beta of 1.33.

Parkland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.87%. Parkland’s dividend payout ratio is currently 65.73%.

Parkland Company Profile

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.