Parkland Fuel (PKI) Price Target Raised to C$47.00

Parkland Fuel (TSE:PKI) had its price target lifted by Desjardins from C$46.00 to C$47.00 in a research note published on Wednesday.

A number of other research analysts have also recently commented on PKI. Royal Bank of Canada increased their target price on Parkland Fuel from C$35.00 to C$38.00 and gave the company a sector perform rating in a research note on Tuesday, August 7th. National Bank Financial increased their target price on Parkland Fuel from C$37.00 to C$44.00 and gave the company an outperform rating in a research note on Tuesday, August 7th. CIBC increased their target price on Parkland Fuel from C$37.50 to C$38.00 in a research note on Thursday, July 26th. Canaccord Genuity increased their target price on Parkland Fuel from C$42.00 to C$44.00 and gave the company a buy rating in a research note on Wednesday, July 25th. Finally, TD Securities increased their target price on Parkland Fuel from C$38.00 to C$45.00 in a research note on Tuesday, August 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$42.43.

Shares of PKI stock opened at C$45.96 on Wednesday. Parkland Fuel has a 52-week low of C$23.41 and a 52-week high of C$46.46.

Parkland Fuel (TSE:PKI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported C$0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.48 by C($0.03). Parkland Fuel had a return on equity of 3.28% and a net margin of 0.49%. The business had revenue of C$3.78 billion during the quarter, compared to analysts’ expectations of C$3.28 billion.

The company also recently announced a monthly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 21st will be paid a $0.098 dividend. The ex-dividend date is Thursday, September 20th. This represents a $1.18 dividend on an annualized basis and a yield of 2.56%.

About Parkland Fuel

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

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Analyst Recommendations for Parkland Fuel (TSE:PKI)

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