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

Parkland Co. (TSE:PKI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

PKI has been the topic of a number of recent research reports. National Bankshares increased their target price on Parkland from C$41.00 to C$42.00 and gave the stock a “tender” rating in a research note on Wednesday, August 6th. Raymond James Financial lowered their target price on Parkland from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$43.44.

Parkland Stock Performance

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

Parkland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.5%. Parkland’s dividend payout ratio (DPR) is presently 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.