Analysts seem to be feeling optimistic about Parkland Fuel (PKI) lately, with several positive ratings in a row that it received in the past month alone. Analyst David Newman from Desjardins reiterated a Buy rating, with a C$46 price target yesterday.
Newman has an average return of 14.9% when recommending Parkland Fuel.
According to TipRanks.com, Newman is ranked #3549 out of 5233 analysts.
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Parkland Fuel has an analyst consensus of Strong Buy, with a price target consensus of C$44, which is a 13.4% upside from current levels. In a report issued on February 20, Scotiabank also reiterated a Buy rating on the stock with a C$44 price target.
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Parkland Fuel’s market cap is currently C$5.24B and has a P/E ratio of 29.2. The company has a Price to Book ratio of 3.06.
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 Tuesday at C$38.80.
