Parkland Fuel (TSE:PKI) had its price target upped by CIBC from C$48.00 to C$49.50 in a report released on Friday morning, BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. National Bank Financial set a C$1.90 target price on Troilus Gold and gave the stock an outperform rating in a report on Friday, May 3rd. BMO Capital Markets set a C$50.00 target price on Parkland Fuel and gave the stock an outperform rating in a report on Tuesday, May 28th. Desjardins boosted their target price on Stella-Jones from C$50.00 to C$54.00 in a report on Friday, May 3rd. Raymond James boosted their target price on S&P Global from $226.00 to $246.00 and gave the stock an outperform rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada set a $60.00 target price on Masonite International and gave the stock a buy rating in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of C$47.31.

TSE PKI opened at C$44.64 on Friday. Parkland Fuel has a 12 month low of C$31.59 and a 12 month high of C$47.45. The company’s 50-day moving average is C$41.69. The company has a debt-to-equity ratio of 178.39, a quick ratio of 0.79 and a current ratio of 1.25. The firm has a market cap of $6.53 billion and a P/E ratio of 23.49.

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

In other Parkland Fuel news, Senior Officer Patricia Van De Sande sold 3,700 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$42.39, for a total value of C$156,843.00. Following the completion of the transaction, the insider now owns 1,838 shares in the company, valued at approximately C$77,912.82. Also, Senior Officer Robert Berthold Espey sold 16,340 shares of the company’s 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 transaction, the insider now directly owns 452,737 shares in the company, valued at C$18,934,230.99.

Parkland Fuel Company Profile

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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