Superior Plus (TSE:SPB) PT Lowered to C$9.00

Superior Plus (TSE:SPB) had its price objective trimmed by TD Securities from C$10.00 to C$9.00 in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets decreased their target price on Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Stifel Nicolaus lowered 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 note on Friday, August 16th. CIBC cut shares of Superior Plus from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$14.00 to C$10.00 in a research report on Thursday, August 15th. National Bankshares decreased their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, ATB Capital dropped their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$10.27.

Superior Plus Price Performance

Shares of Superior Plus stock opened at C$7.41 on Tuesday. The firm has a market cap of C$1.84 billion, a PE ratio of -148.20 and a beta of 0.76. The business has a 50-day moving average price of C$7.64 and a 200 day moving average price of C$8.58. 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 twelve month low of C$7.20 and a twelve month high of C$10.36.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS 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 business had revenue of C$578.62 million during the quarter, compared to analysts’ expectations of C$710.53 million.

Superior Plus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 9.72%. Superior Plus’s dividend payout ratio is currently -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.