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Parkland ( (TSE:PKI) ) just unveiled an announcement.
Parkland Corporation and Sunoco LP have announced the expiration of the Hart-Scott-Rodino Act waiting period, a key regulatory step for Sunoco’s pending acquisition of Parkland. This development moves the transaction closer to completion, expected in the fourth quarter of 2025, pending other regulatory approvals and customary closing conditions. The acquisition is significant for both companies as it could enhance their operational capabilities and market presence, potentially impacting stakeholders positively.
The most recent analyst rating on (TSE:PKI) stock is a Hold with a C$41.00 price target. To see the full list of analyst forecasts on Parkland stock, see the TSE:PKI Stock Forecast page.
Spark’s Take on TSE:PKI Stock
According to Spark, TipRanks’ AI Analyst, TSE:PKI is a Neutral.
Parkland’s stock score is primarily driven by its strong cash flow generation and operational improvements, despite high debt levels and a revenue decline. The technical analysis supports a positive trend, while the valuation suggests the stock may be overvalued, balanced by a decent dividend yield.
To see Spark’s full report on TSE:PKI stock, click here.
More about Parkland
Parkland Corporation is a leading international fuel distributor, marketer, and convenience retailer operating in twenty-six countries across the Americas. The company provides essential fuels and a range of environmentally friendly options, including renewable fuels and EV charging. Parkland focuses on its Customer Advantage and Supply Advantage strategies to offer competitive pricing and reliable service through its extensive network.
Average Trading Volume: 590,689
Technical Sentiment Signal: Buy
Current Market Cap: C$6.69B
Learn more about PKI stock on TipRanks’ Stock Analysis page.