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

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.

Parkland Fuel (TSE:PKI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.15. The firm had revenue of C$4.22 billion for the quarter, compared to the consensus estimate of C$4.81 billion. On average, analysts forecast that Parkland Fuel will post 1.8500001 earnings per share for the current year.

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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Analyst Recommendations for Parkland Fuel (TSE:PKI)

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