National Bank Financial set a C$52.00 price objective on Parkland Fuel (TSE:PKI) in a research note released on Monday morning. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for Parkland Fuel’s Q3 2018 earnings at $0.60 EPS, FY2018 earnings at $1.69 EPS and FY2019 earnings at $2.22 EPS.
A number of other equities analysts have also recently weighed in on PKI. Royal Bank of Canada increased their price target on Parkland Fuel from C$35.00 to C$38.00 and gave the stock a sector perform rating in a report on Tuesday, August 7th. Desjardins increased their price target on Parkland Fuel from C$37.00 to C$38.00 and gave the stock a c$34.75 rating in a report on Monday, July 23rd. Canaccord Genuity increased their price target on Parkland Fuel from C$42.00 to C$44.00 and gave the stock a buy rating in a report on Wednesday, July 25th. CIBC increased their price target on Parkland Fuel from C$38.00 to C$44.50 in a report on Tuesday, August 7th. Finally, TD Securities increased their price target on Parkland Fuel from C$38.00 to C$45.00 in a report on Tuesday, August 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of C$43.57.
TSE PKI opened at C$46.28 on Monday. Parkland Fuel has a twelve month low of C$23.41 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. Stockholders of record on Monday, October 22nd will be issued a dividend of $0.098 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, October 19th.
About Parkland Fuel
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.
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