Stifel Nicolaus Cuts Superior Plus (TSE:SPB) Price Target to C$9.00

Superior Plus (TSE:SPB) had its price objective cut by Stifel Nicolaus from C$10.00 to C$9.00 in a report published on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. TD Securities reduced their price target on shares of Superior Plus from C$8.50 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Royal Bank Of Canada cut their target price on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Monday. BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$9.00 to C$8.00 in a research report on Friday, February 20th. Scotiabank cut their price objective on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Finally, National Bank Financial boosted their price objective on Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$7.80.

Superior Plus Stock Performance

Superior Plus stock opened at C$6.42 on Monday. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The stock has a fifty day moving average price of C$7.24 and a two-hundred day moving average price of C$7.42. Superior Plus has a 52-week low of C$5.85 and a 52-week high of C$8.34. The firm has a market capitalization of C$1.43 billion, a P/E ratio of 91.71 and a beta of 0.49.

Superior Plus (TSE:SPB) last issued its earnings results on Thursday, February 19th. The company reported C$0.33 EPS for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The company had revenue of C($3.43) million for the quarter.

Key Superior Plus News

Here are the key news stories impacting Superior Plus this week:

• Neutral Sentiment: Recent fundamentals: Superior reported C$0.33 EPS for the quarter (Feb. 19), a thin net margin (~1.8%) and metrics showing high leverage and tight liquidity (debt-to-equity ~193%, current ratio ~0.67). These factors likely explain analysts’ caution.
• Negative Sentiment: Desjardins lowered its rating on SPB, joining other shops in trimming expectations. Superior Plus (TSE:SPB) Stock Rating Lowered by Desjardins
• Negative Sentiment: Stifel Nicolaus reduced its outlook for SPB, contributing to the negative analyst tone. Stifel Nicolaus Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: ATB Cormark Capital Markets lowered expectations for the shares. ATB Cormark Capital Markets Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: Scotiabank downgraded SPB to a “Hold,” reducing buy-side conviction. Scotiabank Downgrades Superior Plus (TSE:SPB) to Hold
• Negative Sentiment: Royal Bank of Canada issued a pessimistic forecast for the stock, adding pressure to consensus views. Royal Bank Of Canada Issues Pessimistic Forecast for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: Raymond James lowered its rating on Superior Plus, another downward revision among analysts. Superior Plus (TSE:SPB) Stock Rating Lowered by Raymond James Financial
• Negative Sentiment: National Bank Financial trimmed its expectations for SPB’s share price. National Bank Financial Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: TD Securities downgraded Superior Plus from “strong-buy” to “hold,” per a Zacks summary — adding to the breadth of downgrades. TD Securities Downgrade Summary (via Zacks)

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.