Superior Plus Corp. (TSE:SPB) Given Average Rating of “Moderate Buy” by Analysts

Superior Plus Corp. (TSE:SPB) has earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$12.69.

Several equities analysts have recently commented on the company. Scotiabank reduced their target price on Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. CIBC reduced their price objective on shares of Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, TD Securities dropped their target price on shares of Superior Plus from C$13.50 to C$13.00 and set a “buy” rating for the company in a research report on Friday, February 23rd.

Superior Plus Trading Down 0.2 %

Shares of SPB stock opened at C$9.37 on Monday. The firm’s 50 day moving average price is C$9.67 and its two-hundred day moving average price is C$9.63. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 140.14. Superior Plus has a fifty-two week low of C$9.05 and a fifty-two week high of C$10.90. The stock has a market cap of C$2.33 billion, a price-to-earnings ratio of 40.74 and a beta of 0.80.

Superior Plus (TSE:SPB) last announced its earnings results on Wednesday, February 21st. The company reported C$0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.04). The business had revenue of C$985.80 million for the quarter, compared to analysts’ expectations of C$1.21 billion. Superior Plus had a return on equity of 4.77% and a net margin of 1.54%. On average, analysts anticipate that Superior Plus will post 0.3863354 EPS for the current year.

Superior Plus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.68%. Superior Plus’s dividend payout ratio (DPR) is 313.04%.

Insider Activity

In other Superior Plus news, Director Allan Angus Macdonald acquired 53,022 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average price of C$9.45 per share, with a total value of C$500,983.67. Company insiders own 0.49% of the company’s stock.

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.