Parkland Fuel (TSE:PKI) had its price objective hoisted by Royal Bank of Canada from C$41.00 to C$44.00 in a research note released on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other equities research analysts have also recently commented on PKI. National Bank Financial set a C$1.90 price target on shares of Troilus Gold and gave the stock an outperform rating in a report on Friday, May 3rd. Raymond James raised their price target on shares of S&P Global from $226.00 to $246.00 and gave the stock an outperform rating in a report on Wednesday, July 10th. Desjardins raised their price target on shares of Stella-Jones from C$50.00 to C$54.00 in a report on Friday, May 3rd. CIBC upgraded shares of Alaris Royalty to a buy rating in a report on Friday, July 12th. Finally, BMO Capital Markets set a C$50.00 price target on shares of Parkland Fuel and gave the stock an outperform rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Parkland Fuel presently has a consensus rating of Buy and an average target price of C$48.21.
TSE:PKI opened at C$43.70 on Wednesday. The company has a debt-to-equity ratio of 178.39, a current ratio of 1.25 and a quick ratio of 0.79. The firm has a market capitalization of $6.40 billion and a PE ratio of 23.00. The business has a fifty day moving average of C$42.45. Parkland Fuel has a 12 month low of C$31.59 and a 12 month high of C$47.45.
Parkland Fuel (TSE:PKI) last posted its quarterly 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 company had revenue of C$4.22 billion during the quarter, compared to analyst estimates of C$4.81 billion. On average, research analysts forecast that Parkland Fuel will post 1.8300001 EPS for the current year.
In other news, Senior Officer Patricia Van De Sande sold 3,700 shares of Parkland Fuel stock in a transaction dated 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 directly owns 1,838 shares in the company, valued at C$77,912.82. Also, Senior Officer Robert Berthold Espey sold 16,340 shares of Parkland Fuel stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$41.82, for a total transaction of C$683,366.58. Following the transaction, the insider now owns 452,737 shares of the company’s stock, valued at C$18,934,230.99.
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.
Further Reading: Different Types of Derivatives
Receive News & Ratings for Parkland Fuel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parkland Fuel and related companies with MarketBeat.com's FREE daily email newsletter.