Parkland Co. (TSE:PKI – Get Free Report)’s stock price fell 7.1% on Wednesday . The stock traded as low as C$41.28 and last traded at C$44.12. 376,248 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 416,642 shares. The stock had previously closed at C$47.50.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. ATB Capital upped their target price on Parkland from C$50.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. boosted their target price on Parkland from C$47.00 to C$51.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. BMO Capital Markets raised their price target on shares of Parkland from C$54.00 to C$57.00 in a research note on Friday, February 2nd. National Bankshares upped their price objective on shares of Parkland from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, Canaccord Genuity Group raised their target price on shares of Parkland from C$50.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Parkland currently has an average rating of “Moderate Buy” and a consensus price target of C$51.00.
Parkland Stock Performance
The firm has a market capitalization of C$7.76 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 11.79 and a beta of 1.38. The company has a 50-day moving average of C$44.99 and a 200-day moving average of C$42.25. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 196.59.
Parkland Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 22nd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.08%. Parkland’s dividend payout ratio (DPR) is 53.54%.
Insider Activity at Parkland
In other Parkland news, Senior Officer Ian James White sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$44.10, for a total transaction of C$882,000.00. In other Parkland news, Senior Officer Ian James White sold 20,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$44.10, for a total transaction of C$882,000.00. Also, Senior Officer Darren Robert Smart sold 35,100 shares of Parkland stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of C$43.18, for a total value of C$1,515,618.00. 20.40% of the stock is currently owned by company insiders.
Parkland Company Profile
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.