Superior Plus Corp. (TSE:SPB) Receives Average Recommendation of “Hold” from Brokerages

by · The Cerbat Gem

Shares of Superior Plus Corp. (TSE:SPB – Get Free Report) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$10.18.

A number of equities research analysts have issued reports on the stock. Cibc World Mkts lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Cormark cut their price target on shares of Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. CIBC lowered shares of Superior Plus from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th. National Bankshares cut their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, Scotiabank cut their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research note on Monday, August 19th.

View Our Latest Stock Analysis on Superior Plus

Superior Plus Price Performance

Shares of TSE:SPB opened at C$6.81 on Friday. The stock has a market cap of C$1.69 billion, a PE ratio of -136.20 and a beta of 0.76. The company’s fifty day moving average is C$7.57 and its 200 day moving average is C$8.48. Superior Plus has a 52 week low of C$6.79 and a 52 week high of C$10.36. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90.

Superior Plus (TSE:SPB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The firm had revenue of C$578.62 million during the quarter, compared to the consensus estimate of C$710.53 million. Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%.

Superior Plus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 10.57%. The ex-dividend date of this dividend was Friday, September 27th. Superior Plus’s payout ratio is currently -1,440.00%.

About Superior Plus

(Get Free Report

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.

Featured Stories