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

Superior Plus Corp. (TSE:SPB) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$8.48.

A number of research firms have recently weighed in on SPB. Raymond James Financial cut Superior Plus from a “moderate buy” rating to a “hold” rating and lowered their price objective for the stock from C$9.75 to C$8.50 in a research report on Monday, February 23rd. National Bank Financial raised their price objective on Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce raised Superior Plus from a “hold” rating to an “outperformer” rating in a research report on Tuesday, April 21st. BMO Capital Markets cut Superior Plus from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$9.00 to C$8.00 in a research report on Friday, February 20th. Finally, ATB Cormark Capital Markets raised their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th.

Insider Buying and Selling

In other news, insider Dale Alan Winger purchased 3,000 shares of the stock in a transaction on Friday, June 5th. The stock was bought at an average price of C$8.38 per share, with a total value of C$25,140.00. Following the transaction, the insider owned 48,000 shares in the company, valued at C$402,240. The trade was a 6.67% increase in their position. Over the last ninety days, insiders bought 15,000 shares of company stock worth $118,360. Insiders own 0.54% of the company’s stock.

Superior Plus Trading Down 0.7%

Shares of TSE:SPB opened at C$8.43 on Friday. Superior Plus has a 12-month low of C$6.06 and a 12-month high of C$8.86. The business’s fifty day simple moving average is C$7.48 and its 200-day simple moving average is C$7.22. The company has a market capitalization of C$1.81 billion, a PE ratio of 40.14 and a beta of 0.30. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$1.25 billion during the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.

Superior Plus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.1%. Superior Plus’s dividend payout ratio (DPR) is presently 62.09%.

About Superior Plus

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.