Raymond James reaffirmed their outperform rating on shares of Parkland Fuel (TSE:PKI) in a research report released on Wednesday morning, BayStreet.CA reports. They currently have a C$49.00 price target 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.
A number of other equities research analysts also recently weighed in on PKI. Royal Bank of Canada set a $60.00 price target on shares of Masonite International and gave the company a buy rating in a research report on Friday, May 3rd. National Bank Financial set a C$1.90 price target on shares of Troilus Gold and gave the company an outperform rating in a research report on Friday, May 3rd. BMO Capital Markets set a C$50.00 price target on shares of Parkland Fuel and gave the company an outperform rating in a research report on Tuesday, May 28th. Desjardins lifted their price target on shares of Stella-Jones from C$50.00 to C$54.00 in a research report on Friday, May 3rd. Finally, CIBC lifted their price target on shares of TransAlta from C$9.00 to C$10.00 in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Parkland Fuel has an average rating of Buy and a consensus price target of C$47.31.
Shares of TSE:PKI opened at C$44.64 on Wednesday. Parkland Fuel has a 12-month low of C$31.59 and a 12-month high of C$47.45. The company has a market capitalization of $6.53 billion and a PE ratio of 23.49. The stock’s 50 day moving average price is C$41.69. The company has a current ratio of 1.25, a quick ratio of 0.79 and a debt-to-equity ratio of 178.39.
In other news, Senior Officer Robert Berthold Espey sold 16,340 shares of Parkland Fuel stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of C$41.82, for a total value of C$683,366.58. Following the completion of the sale, the insider now directly owns 452,737 shares in the company, 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 that occurred on Thursday, June 13th. The shares were sold at an average price of C$42.39, for a total transaction of C$156,843.00. Following the completion of the sale, the insider now owns 1,838 shares of the company’s stock, valued at 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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