TD Securities Issues Pessimistic Forecast for Superior Plus (TSE:SPB) Stock Price

Superior Plus (TSE:SPB) had its target price dropped by research analysts at TD Securities from C$9.00 to C$7.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 17.74% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. CIBC downgraded shares of Superior Plus from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th. Royal Bank of Canada dropped their price target on Superior Plus from C$13.00 to C$11.00 in a research note on Thursday, August 15th. Cormark reduced their price objective on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. Cibc World Mkts downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, BMO Capital Markets cut their target price on Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$9.91.

Superior Plus Stock Up 13.8 %

Shares of TSE:SPB opened at C$6.37 on Friday. The business’s 50-day moving average is C$7.33 and its 200-day moving average is C$8.27. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$10.36. The company has a market capitalization of C$1.58 billion, a price-to-earnings ratio of -127.40 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46.

Superior Plus (TSE:SPB) last posted 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 business had revenue of C$578.62 million for 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 Company Profile

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.