Superior Plus Corp. (TSE:SPB – Get Free Report) shares hit a new 52-week low on Tuesday after BMO Capital Markets lowered their price target on the stock from C$10.00 to C$9.00. The company traded as low as C$7.14 and last traded at C$7.14, with a volume of 38596 shares trading hands. The stock had previously closed at C$7.23.
A number of other brokerages also recently weighed in on SPB. CIBC downgraded shares of Superior Plus from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th. National Bank Financial downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 16th. Cibc World Mkts cut shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Desjardins reduced their price target on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Cormark reduced their price target on shares of Superior Plus from C$12.00 to C$10.00 in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Superior Plus currently has a consensus rating of “Hold” and a consensus price target of C$10.18.
Superior Plus Price Performance
Superior Plus (TSE:SPB – Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of C$710.53 million.
Superior Plus Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date of this dividend was Friday, September 27th. Superior Plus’s 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.
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