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Parkland Fuel (PKI) Gets a Hold Rating from RBC Capital


Parkland Fuel (TSX: PKI), the Services sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Sabahat Khan from RBC Capital rated Parkland Fuel (TSX: PKI) a Hold, setting a C$43 price target.

According to TipRanks.com, Khan is ranked #1338 out of 4897 analysts.

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Currently, the analyst consensus on Parkland Fuel is a Strong Buy with an average price target of C$45.50.

Based on Parkland Fuel’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$3.78 billion and net profit of C$60 million. In comparison, last year the company had a net profit of C$12.7 million.

Parkland Fuel Corp. engages in the market and distribution of petroleum products. It delivers gasoline, diesel fuel, lubricants, heating oil and other products to businesses, consumers and wholesale customers. The company operates through the following business segments: Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale; and Corporate.

The company’s shares closed on Thursday at C$44.93, close to its 52-week high of C$45.49.