Superior Plus Corp. (TSE:SPB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$12.69.

Several research analysts have recently weighed in on the stock. CIBC decreased their price target on shares of Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. TD Securities reduced their target price on Superior Plus from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Scotiabank reduced their target price on Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating on the stock in a research note on Friday, February 23rd. Finally, Raymond James cut Superior Plus from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$12.50 to C$11.50 in a research note on Thursday, January 4th.

Insider Transactions at Superior Plus

In other news, Director Allan Angus Macdonald bought 53,022 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of C$9.45 per share, for a total transaction of C$500,983.67. 0.49% of the stock is currently owned by company insiders.

Superior Plus Trading Up 0.8 %

Superior Plus stock opened at C$9.36 on Monday. The stock has a market cap of C$2.33 billion, a P/E ratio of 40.70 and a beta of 0.79. Superior Plus has a fifty-two week low of C$9.05 and a fifty-two week high of C$10.90. The firm’s fifty day moving average price is C$9.67 and its 200-day moving average price is C$9.66. The company has a debt-to-equity ratio of 140.14, a quick ratio of 0.46 and a current ratio of 0.87.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.27 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.04). The firm had revenue of C$985.80 million during the quarter, compared to the consensus estimate of C$1.21 billion. Superior Plus had a return on equity of 4.77% and a net margin of 1.54%. Equities research analysts forecast that Superior Plus will post 0.4425023 earnings per share for the current fiscal year.

Superior Plus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.69%. Superior Plus’s dividend payout ratio is currently 313.04%.

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.