Parkland Co. (TSE:PKI – Get Rating) – Cormark raised its earnings per share estimates for the fiscal year 2022 for Parkland in a research note published Monday, March 7. Cormark analyst B. Watson now expects the company to post earnings per share of $2.96 for the year, up from its previous forecast of $2.83. Cormark also released estimates for Parkland‘s Q2 2023 earnings at $0.78 EPS, Q3 2023 earnings at $0.97 EPS and fiscal year 2023 earnings at $3.36 EPS.
A number of other equity research analysts have also weighed in on PKI recently. Scotiabank downgraded Parkland from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the company from CA$50.00 to CA$41.00 in a rating of research from Wednesday, January 19. Canaccord Genuity Group reduced its target price on Parkland from CA$48.00 to CA$47.00 in a report released Thursday, January 20. TD Securities cut its target price on Parkland from C$53.00 to C$50.00 and set a “buy” rating for the company in a report released Monday. National Bankshares cut its target price on Parkland from C$48.00 to C$45.00 and set an “outperform” rating for the company in a report released Monday. Finally, CIBC lowered its target price on Parkland from CA$53.00 to CA$49.00 and set an “outperform” rating for the company in a report released Monday. One research analyst rated the stock with a hold rating, six issued a buy rating and one gave the company a strong buy rating. According to MarketBeat data, Parkland has a consensus buy rating and a consensus target price of C$48.18.
Shares of TSE PKI opened at C$32.65 on Wednesday. Parkland has a 12-month low of C$31.18 and a 12-month high of C$41.89. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt ratio of 204.18. The stock has a 50-day simple moving average of C$34.10 and a 200-day simple moving average of C$35.15. The stock has a market capitalization of C$5.03 billion and a PE ratio of 34.77.
Parkland Company Profile (Get a rating)
Parkland Corporation is engaged in the marketing, distribution and refining of fuels and petroleum products in Canada, the United States and abroad. The Company operates through Canada, International, United States, Supply and Enterprise segments. The Canada segment supplies and supports a Canada-wide network of 1,860 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Chevron, Pioneer and Race Trac, as well as convenience stores under the On the Run/Marché Express brand.
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