Raymond James Reiterates “Outperform” Rating for Parkland Fuel (TSE:PKI)

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.

Parkland Fuel (TSE:PKI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.37 by C$0.15. The business had revenue of C$4.22 billion for the quarter, compared to analyst estimates of C$4.81 billion. Equities research analysts predict that Parkland Fuel will post 1.8500001 EPS for the current fiscal year.

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.

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Analyst Recommendations for Parkland Fuel (TSE:PKI)

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