Wall Street analyst has provided a rating update for the Services sector company yesterday, while remaining neutral on the stock. Parkland Fuel (TSX: PKI) received a Hold rating from RBC Capital’s analyst Sabahat Khan, with a C$38 price target.
According to TipRanks.com, Khan is ranked #975 out of 4848 analysts.
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Currently, the analyst consensus on Parkland Fuel is a Strong Buy with an average price target of C$40.50.
Based on Parkland Fuel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$3.34 billion and net profit of C$20 million. In comparison, last year the company had a GAAP net loss of C$1.4 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 Friday at C$37.93, close to its 52-week high of C$38.62.
