National Bank Reaffirms Their Buy Rating on Parkland Fuel (PKI)


A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Parkland Fuel (PKI) received a Buy rating from National Bank’s analyst Vishal Shreedhar, with a C$51 price target.

Shreedhar has an average return of 7.3% when recommending Parkland Fuel.

According to TipRanks.com, Shreedhar is ranked #3597 out of 5222 analysts.

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Currently, the analyst consensus on Parkland Fuel is a Strong Buy with an average price target of C$48.75, implying a 12.4% upside from current levels. In a report released today, CIBC also reiterated a Buy rating on the stock with a C$49.50 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$4.85 billion and net profit of C$105 million. In comparison, last year the company earned revenue of C$3.78 billion and had a net profit of C$60 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$43.39.

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