Superior Plus (TSE:SPB) Price Target Lowered to C$7.50 at TD Securities

Superior Plus (TSE:SPB) had its price objective decreased by TD Securities from C$9.00 to C$7.50 in a research report sent to investors on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on SPB. ATB Capital dropped their price target on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Scotiabank dropped their price target on shares of Superior Plus from C$12.00 to C$9.00 in a research note on Monday, August 19th. National Bankshares dropped their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Stifel Nicolaus dropped their price target 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. Finally, Cormark dropped their target price on shares of Superior Plus from C$12.00 to C$10.00 in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Superior Plus presently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.91.

Superior Plus Trading Up 13.8 %

Shares of SPB stock traded up C$0.77 during mid-day trading on Friday, reaching C$6.37. The company’s stock had a trading volume of 3,590,900 shares, compared to its average volume of 941,849. The company’s 50 day simple moving average is C$7.33 and its 200-day simple moving average is C$8.27. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$10.36. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. The firm has a market capitalization of C$1.58 billion, a PE ratio of -127.40 and a beta of 0.76.

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

Superior Plus Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, December 31st. Superior Plus’s dividend payout ratio (DPR) 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.