Superior Plus Corp. (TSE:SPB) Receives C$9.95 Average PT from Analysts

Superior Plus Corp. (TSE:SPB) has received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$9.95.

SPB has been the subject of several analyst reports. CIBC raised their price objective on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. BMO Capital Markets cut their price objective on Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. TD Securities boosted their target price on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Scotiabank decreased their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Finally, Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a report on Friday, November 8th.

Superior Plus Price Performance

Shares of TSE:SPB opened at C$6.18 on Tuesday. The stock has a market capitalization of C$1.54 billion, a P/E ratio of -123.60 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. The business has a 50-day moving average of C$6.37 and a two-hundred day moving average of C$7.15. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$10.36.

Superior Plus (TSE:SPB) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C($0.37) EPS for the quarter, missing the consensus estimate of C($0.27) by C($0.10). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. During the same period last year, the firm posted ($0.46) earnings per share.

Superior Plus Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.18 annualized dividend and a yield of 2.91%. Superior Plus’s dividend payout ratio is presently -1,440.00%.

Insider Buying and Selling

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

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.