Superior Plus (TSE:SPB) had its price objective boosted by Canaccord Genuity from C$13.75 to C$14.50 in a research note released on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also commented on SPB. Cormark lowered their price target on Superior Plus from C$16.00 to C$15.00 in a research report on Tuesday, February 12th. AltaCorp Capital reissued an outperform rating on shares of Superior Plus in a research report on Wednesday, February 13th. Raymond James reissued an outperform rating and issued a C$14.50 price target on shares of Superior Plus in a research report on Wednesday, February 20th. National Bank Financial increased their price target on Superior Plus from C$14.00 to C$14.50 and gave the company an outperform rating in a research report on Thursday, March 21st. Finally, Desjardins upped their price objective on Superior Plus from C$14.00 to C$14.50 in a research note on Friday, May 10th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Superior Plus presently has an average rating of Buy and a consensus target price of C$14.78.
TSE SPB opened at C$12.82 on Tuesday. The firm has a market capitalization of $2.24 billion and a P/E ratio of 26.82. Superior Plus has a 12 month low of C$9.17 and a 12 month high of C$13.56. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 163.24.
Superior Plus (TSE:SPB) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.91 EPS for the quarter, beating analysts’ consensus estimates of C$0.61 by C$0.30. The company had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$1.03 billion. Equities analysts expect that Superior Plus will post 0.98 EPS for the current year.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid a $0.06 dividend. The ex-dividend date was Monday, April 29th. This represents a $0.72 dividend on an annualized basis and a yield of 5.62%. Superior Plus’s dividend payout ratio (DPR) is presently 150.63%.
About Superior Plus
Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.
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