Parkland Fuel (TSX: PKI), the Services sector company, was revisited by a Wall Street analyst today. Analyst Michael Van Aelst from TD Securities reiterated a Buy rating, with a C$45 price target.
Aelst has an average return of 3.8% when recommending Parkland Fuel.
According to TipRanks.com, Aelst is ranked #3711 out of 4849 analysts.
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Parkland Fuel has an analyst consensus of Strong Buy, with a price target consensus of C$43.67, an 11.9% upside from current levels. In a report issued on July 23, Desjardins also reiterated a Buy rating on the stock with a C$38 price target.
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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 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 Tuesday at C$39.03.
