Parkland (TSE:PKI) Lowered to Hold Rating by BMO Capital Markets

BMO Capital Markets lowered shares of Parkland (TSE:PKI) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. TD Securities cut shares of Parkland from a “buy” rating to a “sell” rating and cut their target price for the stock from C$50.00 to C$44.00 in a research report on Tuesday, May 6th. Canaccord Genuity Group cut their target price on shares of Parkland from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. National Bankshares lifted their target price on shares of Parkland from C$41.00 to C$42.00 in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Parkland from C$58.00 to C$55.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, Scotiabank cut their target price on shares of Parkland from C$52.00 to C$44.00 and set an “outperform” rating for the company in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Parkland has an average rating of “Moderate Buy” and an average target price of C$45.54.

Parkland Stock Up 0.2%

Shares of TSE PKI opened at C$38.90 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. Parkland has a 52 week low of C$30.09 and a 52 week high of C$40.29. The firm has a 50-day moving average price of C$35.97 and a 200 day moving average price of C$35.34. The stock has a market capitalization of C$6.78 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Insider Transactions at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$36.76, for a total value of C$183,800.00. Also, Director Nora Duke bought 2,800 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of C$35.50 per share, with a total value of C$99,388.24. Insiders own 20.51% of the company’s stock.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.