Superior Plus Corp. (TSE:SPB) Given Average Rating of “Hold” by Analysts

Shares of Superior Plus Corp. (TSE:SPB) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$10.55.

SPB has been the topic of a number of analyst reports. National Bankshares decreased their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Cibc World Mkts downgraded Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. ATB Capital dropped their target price on Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. TD Securities decreased their price target on Superior Plus from C$12.00 to C$10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, CIBC downgraded shares of Superior Plus from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th.

Superior Plus Stock Performance

TSE SPB opened at C$7.58 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. Superior Plus has a fifty-two week low of C$7.51 and a fifty-two week high of C$10.90. The business has a fifty day moving average of C$7.99 and a 200-day moving average of C$8.97. The stock has a market cap of C$1.88 billion, a price-to-earnings ratio of -151.60 and a beta of 0.77.

Superior Plus (TSE:SPB) last announced its earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of C$578.62 million during the quarter, compared to analyst estimates of C$710.53 million. As a group, analysts predict that Superior Plus will post 0.5204638 earnings per share for the current fiscal year.

Superior Plus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 9.50%. Superior Plus’s payout ratio is -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.