Superior Plus Corp. (TSE:SPB) Receives C$10.27 Average Price Target from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$10.18.

A number of brokerages recently weighed in on SPB. BMO Capital Markets cut their price objective on Superior Plus from C$10.00 to C$9.00 in a research note on Tuesday. Cormark cut their price objective on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. TD Securities cut their price objective on Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. National Bankshares dropped their price target on Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Finally, ATB Capital dropped their price target on Superior Plus from C$13.00 to C$12.00 in a research report on Thursday, August 15th.

Superior Plus Stock Down 2.5 %

SPB opened at C$7.05 on Friday. The business has a 50-day moving average of C$7.62 and a 200-day moving average of C$8.54. 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 has a fifty-two week low of C$7.01 and a fifty-two week high of C$10.36. The company has a market capitalization of C$1.75 billion, a PE ratio of -141.60 and a beta of 0.76.

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

Superior Plus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 10.21%. The ex-dividend date was Friday, September 27th. Superior Plus’s payout ratio is presently -1,440.00%.

About Superior Plus

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.