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

Shares of Superior Plus Corp. (TSE:SPB) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat 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 1 year price target among analysts that have covered the stock in the last year is C$10.55.

Several research analysts have issued reports on the stock. BMO Capital Markets lowered their price objective on shares of 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. Cormark lowered their target price on shares of Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. Scotiabank lowered their target price on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, August 19th. 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 report on Thursday, August 15th. Finally, Cibc World Mkts downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th.

Superior Plus Trading Up 1.6 %

Shares of Superior Plus stock opened at C$7.56 on Wednesday. Superior Plus has a 1 year low of C$7.39 and a 1 year high of C$10.38. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. The company has a market capitalization of C$1.88 billion, a P/E ratio of -151.20 and a beta of 0.77. The company’s fifty day moving average is C$7.75 and its two-hundred day moving average is C$8.76.

Superior Plus (TSE:SPB) last issued its quarterly earnings data 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 business had revenue of C$578.62 million for the quarter, compared to analysts’ expectations of C$710.53 million. Analysts forecast that Superior Plus will post 0.5212912 earnings per share for the current year.

Superior Plus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.52%. The ex-dividend date is Friday, September 27th. Superior Plus’s dividend payout ratio (DPR) 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.