Parkland (TSE:PKI) PT Lowered to C$54.00 at JPMorgan Chase & Co.

Parkland (TSE:PKI) had its price target cut by research analysts at JPMorgan Chase & Co. from C$56.00 to C$54.00 in a research note issued on Tuesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective points to a potential upside of 26.64% from the company’s current price.

PKI has been the topic of several other research reports. Scotiabank increased their price target on Parkland from C$50.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. CIBC raised their target price on shares of Parkland from C$50.00 to C$57.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. TD Securities upped their price target on shares of Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. BMO Capital Markets decreased their price objective on shares of Parkland from C$57.00 to C$55.00 in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada dropped their target price on Parkland from C$54.00 to C$50.00 in a research report on Monday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Parkland currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.46.

Parkland Price Performance

Parkland stock traded down C$0.48 during midday trading on Tuesday, reaching C$42.64. 82,760 shares of the stock traded hands, compared to its average volume of 472,626. The stock has a market cap of C$7.50 billion, a P/E ratio of 16.17, a PEG ratio of 11.79 and a beta of 1.38. Parkland has a 12 month low of C$30.29 and a 12 month high of C$47.99. The stock’s fifty day moving average is C$43.98 and its 200-day moving average is C$43.43. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 199.87.

Parkland (TSE:PKI) last announced its quarterly earnings results on Tuesday, February 27th. The company reported C$0.84 EPS for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.20. Parkland had a net margin of 1.45% and a return on equity of 15.15%. The firm had revenue of C$7.75 billion during the quarter, compared to the consensus estimate of C$8.41 billion. As a group, equities research analysts anticipate that Parkland will post 3.302673 EPS for the current year.

Insider Activity at Parkland

In other Parkland news, Senior Officer Darren Robert Smart sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$43.00, for a total value of C$43,000.00. In other news, Senior Officer Robert Berthold Espey sold 7,500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$43.75, for a total transaction of C$328,125.00. Also, Senior Officer Darren Robert Smart sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$43.00, for a total value of C$43,000.00. Insiders have sold a total of 42,392 shares of company stock valued at $1,867,999 over the last quarter. 20.51% of the stock is owned by corporate insiders.

About Parkland

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.