Superior Plus (TSE:SPB) Upgraded to “Hold” at TD

Superior Plus (TSE:SPB) was upgraded by analysts at TD from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a C$5.50 price target on the stock. TD‘s target price suggests a potential upside of 1.10% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Desjardins lowered their price objective on shares of Superior Plus from C$8.75 to C$8.25 and set a “hold” rating on the stock in a research report on Monday, October 26th. TD Securities lowered shares of Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. Royal Bank Of Canada lowered shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. National Bank Financial set a C$6.50 target price on Superior Plus and gave the company a “sector perform” rating in a research note on Thursday. Finally, Scotia raised their price target on Superior Plus from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$7.62.

Superior Plus Price Performance

Shares of SPB stock traded up C$0.13 during trading on Thursday, hitting C$5.44. The company had a trading volume of 1,850,562 shares, compared to its average volume of 860,322. The company has a quick ratio of 0.46, a current ratio of 0.91 and a debt-to-equity ratio of 193.48. The stock’s 50-day moving average is C$6.84 and its two-hundred day moving average is C$7.29. The stock has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 544.00 and a beta of 0.31. Superior Plus has a 52 week low of C$5.11 and a 52 week high of C$8.86.

Superior Plus (TSE:SPB) last announced its earnings results on Tuesday, November 10th. The company reported C($0.53) earnings per share (EPS) for the quarter. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. The company had revenue of C$541.12 million for the quarter. During the same period in the previous year, the firm posted ($0.47) EPS.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.