Superior Plus Corp. (TSE:SPB) Receives C$10.27 Consensus PT from Brokerages

Superior Plus Corp. (TSE:SPB) has received an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$10.18.

SPB has been the topic of several recent analyst reports. ATB Capital dropped their target price on shares of Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. Scotiabank dropped their price target on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, August 19th. Cibc World Mkts cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Stifel Nicolaus dropped their target price on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Desjardins reduced their price target on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a report on Wednesday, October 16th.

Superior Plus Stock Performance

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 company has a market capitalization of C$1.68 billion, a PE ratio of -136.20 and a beta of 0.76. Superior Plus has a fifty-two week low of C$6.75 and a fifty-two week high of C$10.36. The stock has a 50-day simple moving average of C$7.57 and a two-hundred day simple moving average of C$8.48.

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). The company had revenue of C$578.62 million during the quarter, compared to the consensus estimate of C$710.53 million. Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend was Friday, September 27th. Superior Plus’s dividend payout ratio is -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.