Parkland (TSE:PKI) Stock Rating Lowered by TD Securities

TD Securities lowered shares of Parkland (TSE:PKI) from a buy rating to a sell rating in a report issued on Tuesday, Marketbeat Ratings reports. They currently have C$44.00 target price on the stock, down from their prior target price of C$50.00.

Several other brokerages have also recently issued reports on PKI. CIBC dropped their price objective on shares of Parkland from C$50.00 to C$43.00 in a research note on Thursday, April 17th. Canaccord Genuity Group reduced their price objective on 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. National Bankshares upped their target price on Parkland from C$41.00 to C$42.00 in a report on Tuesday. Scotiabank reduced their price target on Parkland from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Raymond James dropped their price objective on shares of Parkland from C$47.00 to C$45.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$45.54.

Parkland Trading Up 0.7 %

Shares of PKI opened at C$38.77 on Tuesday. Parkland has a 52-week low of C$30.09 and a 52-week high of C$40.50. The stock has a market cap of C$6.76 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The firm’s fifty day moving average is C$34.92 and its two-hundred day moving average is C$34.63. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87.

Insider Activity at Parkland

In related news, Director Nora Duke bought 2,800 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of C$35.50 per share, for a total transaction of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value of C$183,800.00. 20.51% of the stock is currently owned by company insiders.

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.