AltaCorp Captial Remains a Buy on Parkland Fuel (PKI)

By Carrie Williams

A Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Analyst Nate Heywood from AltaCorp Captial remains bullish on Parkland Fuel (PKIResearch Report) and has a C$49 price target.

Heywood has an average return of 17.3% when recommending Parkland Fuel.

According to TipRanks.com, Heywood is ranked #3258 out of 5053 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Parkland Fuel with a C$46.33 average price target, representing a 5.2% upside. In a report issued on July 10, Raymond James also initiated coverage with a Buy rating on the stock.

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Parkland Fuel’s market cap is currently C$6.44B and has a P/E ratio of 22.8. The company has a Price to Book ratio of 3.72.

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$44.02.