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Parkland Corp T.PKI

Alternate Symbol(s):  PKIUF

Parkland Corporation is an international fuel distributor and retailer. The Company’s segments include Canada, International, USA, and Refining. Canada segment owns, supplies, and supports a network of retail gas stations, frozen food retail locations, convenience stores, card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services. International segment includes operations in over 23 countries and territories predominantly located in the Caribbean and northern coast of South America. This segment operates and services a network of retail service stations under brands, including Sol, Esso, Mobil, Shell and Texaco. USA segment delivers fuel, lubricants, and other related products and services. Refining segment is responsible for the refining of fuel products, such as gasoline, diesel, and jet fuel, and is also engaged in renewable business activities, such as co-processing of bio-feedstocks and blending of low-carbon intensity fuels with gasoline and diesel.


TSX:PKI - Post by User

Comment by midardon Aug 18, 2021 4:08pm
214 Views
Post# 33725008

RE:RE: Outperform rating by National Bank

RE:RE: Outperform rating by National BankThe Globe and Mail reports in its Tuesday, Aug. 10, edition that CIBC World Markets analyst Kevin Chiang calls Parkland ($39.01) "an underappreciated growth story, trading at a compelling valuation." The Globe's David Leeder writes that Mr. Chiang, with an unchanged "outperformer" ranking, bumped his share target up by $2 to $51. Analysts on average target the shares at $49.77. Mr. Chiang says in a note: "Parkland's Q2 results and upward revised outlook for 2021 highlight that the company's earnings are proving to be resilient despite the impact of the pandemic on fuel demand. While the $50-million increase in Parkland's 2021 EBITDA guidance may be perceived as underwhelming given the Q2 beat, we would argue the company is being conservative in its outlook. We recognize the pandemic remains a fluid situation, especially with the spread of the Delta variant, but we remain optimistic on the broad re-opening tailwinds that should benefit Parkland as we look out into H2 and beyond." The Globe reported on Dec. 24 that iA Capital Markets analyst Elias Foscolos was maintaining his "buy" call on Parkland. He said Parkland had "supercharged its acquisition strategy." Parkland shares could then be had for $40.51.
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