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

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$9.91.

A number of equities research analysts have recently commented on SPB shares. Desjardins reduced their target price on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. ATB Capital lowered their target price on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Cormark lowered their target price on shares of Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. TD Securities lowered their target price on shares of Superior Plus from C$9.00 to C$7.50 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from C$9.50 to C$8.50 in a research note on Friday, November 8th.

Insider Buying and Selling at Superior Plus

In related news, Director Shawn Bradley Vammen bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of C$6.35 per share, for a total transaction of C$31,750.00. In related news, Director Patrick Edward Gottschalk bought 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$6.35 per share, for a total transaction of C$31,750.00. 0.54% of the stock is currently owned by corporate insiders.

Superior Plus Stock Performance

Shares of TSE SPB opened at C$6.27 on Thursday. The company’s fifty day moving average price is C$7.25 and its 200 day moving average price is C$8.21. 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$1.56 billion, a PE ratio of -125.40 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75.

Superior Plus (TSE:SPB) 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). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The firm had revenue of C$578.62 million for the quarter, compared to analysts’ expectations of C$710.53 million.

Superior Plus Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.045 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.18 annualized dividend and a yield of 2.87%. Superior Plus’s dividend payout ratio is currently -1,440.00%.

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.