Parkland Fuel (PKI), the Services sector company, was revisited by a Wall Street analyst today. Analyst Benoit Laprade from Scotiabank rated Parkland Fuel (PKI) a Buy, setting a C$41 price target.
According to TipRanks.com, Laprade is a 1-star analyst with an average return of -0.5% and a 57.7% success rate. Laprade covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Louisiana-Pacific, and Cascades Inc.
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Currently, the analyst consensus on Parkland Fuel is a Strong Buy with an average price target of C$43.20, which is a 17.3% upside from current levels. In a report issued on February 20, CIBC also reiterated a Buy rating on the stock with a C$44 price target.
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Based on Parkland Fuel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$3.85 billion and net profit of C$49 million. In comparison, last year the company had a net profit of C$49 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$36.82.
