Superior Plus (TSE:SPB) Cut to Hold at National Bank Financial

National Bank Financial cut shares of Superior Plus (TSE:SPB) from a strong-buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports. National Bank Financial also issued estimates for Superior Plus’ FY2025 earnings at $0.89 EPS.

SPB has been the subject of several other reports. National Bankshares downgraded shares of Superior Plus from an outperform rating to a sector perform rating and cut their price target for the company from C$12.00 to C$10.00 in a report on Tuesday. BMO Capital Markets dropped their price target on shares of Superior Plus from C$12.50 to C$12.00 in a research note on Tuesday. Royal Bank of Canada decreased their target price on Superior Plus from C$15.00 to C$13.00 and set an outperform rating for the company in a research report on Friday, July 12th. Finally, TD Securities decreased their price target on shares of Superior Plus from C$13.00 to C$12.00 and set a buy rating for the company in a report on Monday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of C$12.33.

Superior Plus Trading Down 0.4 %

Shares of TSE SPB opened at C$8.28 on Tuesday. The business has a 50 day simple moving average of C$9.06 and a 200 day simple moving average of C$9.40. Superior Plus has a 52 week low of C$8.16 and a 52 week high of C$10.90. The stock has a market cap of C$2.06 billion, a price-to-earnings ratio of 40.43 and a beta of 0.81. The company has a debt-to-equity ratio of 129.19, a quick ratio of 0.46 and a current ratio of 0.96.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.05). Superior Plus had a net margin of 0.57% and a return on equity of 2.58%. The business had revenue of C$1.21 billion during the quarter, compared to the consensus estimate of C$1.38 billion. On average, research analysts predict that Superior Plus will post 0.3347732 earnings per share for the current fiscal year.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.18 per share. The ex-dividend date was Friday, June 28th. This represents a $0.72 annualized dividend and a yield of 8.70%.

Insider Buying and Selling at Superior Plus

In other news, Senior Officer Kirsten Olsen bought 3,765 shares of the firm’s stock in a transaction that occurred on Monday, May 27th. The stock was acquired at an average cost of C$9.37 per share, with a total value of C$35,278.05. Corporate insiders own 0.49% of the company’s stock.

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.