National Bank Financial Lowers Parkland Fuel (PKI) Price Target to C$49.00

Parkland Fuel (TSE:PKI) had its price target reduced by National Bank Financial from C$52.00 to C$49.00 in a research report released on Monday. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Parkland Fuel’s FY2018 earnings at $1.48 EPS and FY2019 earnings at $2.04 EPS.

Several other analysts have also weighed in on the stock. Desjardins lifted their price objective on shares of Parkland Fuel from C$46.00 to C$47.00 in a research note on Wednesday, October 10th. TD Securities lifted their price objective on shares of Parkland Fuel from C$38.00 to C$45.00 in a research note on Tuesday, August 7th. CIBC lifted their price objective on shares of Parkland Fuel from C$37.50 to C$38.00 in a research note on Thursday, July 26th. Royal Bank of Canada lifted their price objective on shares of Parkland Fuel from C$33.00 to C$35.00 and gave the company a sector perform rating in a research note on Monday, July 30th. Finally, Canaccord Genuity lifted their price objective on shares of Parkland Fuel from C$42.00 to C$44.00 and gave the company a buy rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$43.57.

TSE:PKI opened at C$42.00 on Monday. Parkland Fuel has a twelve month low of C$24.97 and a twelve month high of C$47.45.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 22nd will be given a $0.098 dividend. This represents a $1.18 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, October 19th.

Parkland Fuel Company Profile

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

Read More: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Parkland Fuel (TSE:PKI)

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