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

Superior Plus Corp. (TSE:SPB) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$9.28.

SPB has been the subject of a number of analyst reports. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. CIBC dropped their target price on Superior Plus from C$9.00 to C$8.50 in a report on Friday, November 14th. BMO Capital Markets upped their price target on Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. Scotiabank lowered their price target on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Finally, Raymond James Financial dropped their price objective on Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a research note on Thursday, August 14th.

Superior Plus Stock Performance

SPB opened at C$7.12 on Monday. Superior Plus has a 1-year low of C$5.77 and a 1-year high of C$8.34. The company has a market cap of C$1.59 billion, a price-to-earnings ratio of 101.71 and a beta of 0.18. The company’s fifty day moving average price is C$7.78 and its two-hundred day moving average price is C$7.64. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

Superior Plus (TSE:SPB) last issued its quarterly earnings data on Thursday, November 13th. The company reported C($0.41) earnings per share (EPS) for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The business had revenue of C$470.64 million for the quarter.

Superior Plus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 29th. Superior Plus’s dividend payout ratio (DPR) is presently 182.88%.

Superior Plus Company Profile

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.