Raymond James restated their outperform rating on shares of Parkland Fuel (TSE:PKI) in a research note published on Wednesday, BayStreet.CA reports. Raymond James currently has a C$49.00 price objective on the stock. Raymond James also issued estimates for Parkland Fuel’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.52 EPS, Q1 2020 earnings at $0.32 EPS, Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.44 EPS and FY2020 earnings at $1.44 EPS.
Other analysts also recently issued research reports about the company. CIBC lifted their price target on TransAlta from C$9.00 to C$10.00 in a research note on Friday, May 3rd. BMO Capital Markets set a C$50.00 price target on Parkland Fuel and gave the company an outperform rating in a research note on Tuesday, May 28th. Royal Bank of Canada set a $60.00 price target on Masonite International and gave the company a buy rating in a research note on Friday, May 3rd. Desjardins lifted their price target on Stella-Jones from C$50.00 to C$54.00 in a research note on Friday, May 3rd. Finally, National Bank Financial set a C$1.90 price target on Troilus Gold and gave the company an outperform rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$47.31.
Shares of Parkland Fuel stock opened at C$44.64 on Wednesday. The firm has a market cap of $6.53 billion and a P/E ratio of 23.49. Parkland Fuel has a 12 month low of C$31.59 and a 12 month high of C$47.45. The company has a debt-to-equity ratio of 178.39, a current ratio of 1.25 and a quick ratio of 0.79. The business’s fifty day simple moving average is C$41.69.
In related news, Senior Officer Robert Berthold Espey sold 16,340 shares of Parkland Fuel stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$41.82, for a total value of C$683,366.58. Following the sale, the insider now owns 452,737 shares of the company’s stock, valued at C$18,934,230.99. Also, Senior Officer Patricia Van De Sande sold 3,700 shares of Parkland Fuel stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$42.39, for a total value of C$156,843.00. Following the completion of the sale, the insider now directly owns 1,838 shares in the company, valued at approximately C$77,912.82.
About Parkland Fuel
Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.
Further Reading: Momentum Indicators
Receive News & Ratings for Parkland Fuel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parkland Fuel and related companies with MarketBeat.com's FREE daily email newsletter.