Shares of Parkland Fuel Corp (TSE:PKI) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$43.57.
PKI has been the subject of several analyst reports. National Bank Financial increased their price target on shares of 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. TD Securities increased their price target on shares of Parkland Fuel from C$38.00 to C$45.00 in a research note on Tuesday, August 7th. CIBC increased their price target on shares of Parkland Fuel from C$37.50 to C$38.00 in a research note on Thursday, July 26th. Royal Bank of Canada increased their price target on shares of Parkland Fuel from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Monday, July 30th. Finally, Canaccord Genuity increased their price target on shares of 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.
Shares of Parkland Fuel stock traded up C$0.56 during mid-day trading on Monday, hitting C$46.52. The stock had a trading volume of 404,117 shares, compared to its average volume of 377,560. Parkland Fuel has a 12-month low of C$23.41 and a 12-month high of C$46.97.
Parkland Fuel (TSE:PKI) last posted its quarterly earnings results on Thursday, August 2nd. The company reported C$0.45 earnings per share for the quarter, missing the consensus estimate of C$0.48 by C($0.03). Parkland Fuel had a net margin of 0.49% and a return on equity of 3.28%. The firm had revenue of C$3.78 billion during the quarter, compared to analysts’ expectations of C$3.28 billion.
The company also recently declared a monthly dividend, which will be paid on Monday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 2.53%.
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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