Gas station giant Parkland Corp. has analysts pumping up profit targets

Parkland Corp is the company behind gas station brands including Pioneer, On the Run, Ultramar, and Esso. Parkland operates roughly 4,000 fuel and convenience locations across Canada, the U.S. and the Caribbean. It also owns frozen food retailer M&M Food Market. The company behind brands including Pioneer, On the Run, Ultramar, and Esso is due to report its financials later this month, according to RBC Capital Markets analyst Luke Davis.

Chiang maintains a $57 per share price target. On Monday, Davis held his price target at $54, while downgrading Parkland shares to “Sector Perform” from “Outperform.” New York-based activist investor Engine Capital has been agitating for changes at Parkland since last March, calling out "sustained underperformance" versus rivals like Alimentation Couche-Tard give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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