Insider Buying: Parkland Co. (TSE:PKI) Director Buys 9,000 Shares

Parkland Co. (TSE:PKI – Get Rating) Director James Pantelidis acquired 9,000 shares of the company in a transaction dated Thursday, June 30. The shares were acquired at an average price of CA$34.69 per share, for a total transaction of CA$312,210.00. Following the completion of the purchase, the administrator now owns 244,860 shares of the company, valued at approximately C$8,494,193.40.

James Pantelidis also recently made the following trade(s):

  • On Tuesday, May 10, James Pantelidis purchased 590 shares of Parkland. The shares were purchased at an average price of CA$33.90 per share, for a total value of CA$20,001.00.

TSE:PKI traded at C$0.23 midday on Monday, reaching C$35.19. The company had a trading volume of 211,327 shares, compared to an average volume of 483,096. The company has a market capitalization of C$5.47 billion and a P/E ratio of 43.70. The company has a debt ratio of 265.57, a quick ratio of 0.85 and a current ratio of 1.55. The company’s fifty-day moving average is C$35.86 and its two-hundred-day moving average is C$34.96. Parkland Co. has a fifty-two week minimum of C$31.18 and a fifty-two week maximum of C$41.78.

Parkland (TSE:PKI – Get Rating) last released its quarterly earnings data on Wednesday, May 4. The company reported EPS of C$0.87 for the quarter, beating the consensus estimate of C$0.70 by C$0.17. The company posted revenue of C$7.61 billion in the quarter, compared to analyst estimates of C$6.16 billion. Stock analysts expect Parkland Co. to post earnings per share of 3.35 for the current year.

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Several research analysts have commented on the PKI shares. Scotiabank raised its price target on Parkland shares from C$44.00 to C$45.00 in a Friday, May 6 report. CIBC lowered its price target on Parkland shares from C$53.00 to C$49.00 and set an “outperform” rating for the stock in a Monday, March 7 research note. Desjardins reaffirmed a “buy” rating and issued a C$49.00 price target on Parkland shares in a Wednesday, April 13 report. Royal Bank of Canada cut its price target on Parkland shares from C$50.00 to C$45.00 and set an “outperform” rating for the stock in a Friday, May 6 report. Finally, Raymond James set a price target of C$52.00 on Parkland stock and gave the company a “Strong Buy” rating in a Monday, May 9 research note. Two equity research analysts gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a high buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.17.

Parkland Company Profile (Get an assessment)

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, United States, Supply and International. The Canada segment owns, operates, supports and distributes a pan-Canadian network of retail convenience, food and gas stations, as well as commercial card locks and bulk fuel facilities; and provides propane, fuel oil, lubricants and other related services to commercial, industrial and residential customers.

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