Parkland (TSE:PKI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Parkland Co. (TSE:PKI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.14 and traded as high as C$41.04. Parkland shares last traded at C$40.58, with a volume of 490,709 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James Financial reduced their price target on Parkland from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. National Bankshares increased their price target on Parkland from C$41.00 to C$42.00 and gave the company a “tender” rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$43.44.

Parkland Stock Performance

The company has a market capitalization of C$7.08 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 11.79 and a beta of 0.03. The stock has a 50-day moving average price of C$38.91 and a 200-day moving average price of C$38.14. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73.

Parkland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.5%. Parkland’s payout ratio is 84.02%.

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.