Parkland (TSE:PKI) Price Target Cut to C$39.00

Posted by on May 6th, 2023

Parkland (TSE:PKI – Get Rating) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from C$40.00 to C$39.00 in a research report issued on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.15% from the company’s current price.

Separately, National Bankshares upped their price objective on shares of Parkland from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Monday, March 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$39.50.

Parkland Trading Up 5.6 %

Shares of PKI stock opened at C$33.01 on Thursday. Parkland has a twelve month low of C$24.25 and a twelve month high of C$39.45. The firm has a 50-day moving average price of C$30.91 and a 200 day moving average price of C$29.69. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 229.57. The company has a market capitalization of C$5.79 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 11.79 and a beta of 1.47.

Parkland (TSE:PKI – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported C$0.67 earnings per share for the quarter, missing the consensus estimate of C$0.75 by C($0.08). The business had revenue of C$8.72 billion for the quarter, compared to analyst estimates of C$8.86 billion. Parkland had a net margin of 0.87% and a return on equity of 12.89%. Research analysts forecast that Parkland will post 2.0213178 earnings per share for the current fiscal year.

Parkland Company Profile

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Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Central and South America. The company operates through four segments: Canada, USA, Supply, and International. The Canada segment owns, operates, supports, and distributes a coast-to-coast network of retail convenience, food, and fuel sites, as well as commercial cardlocks and bulk fuel facilities; and provides propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers.

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Analyst Recommendations for Parkland (TSE:PKI)

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