Superior Plus Corp. (TSE:SPB) Given Average Recommendation of “Buy” by Brokerages

Shares of Superior Plus Corp. (TSE:SPBGet Rating) have earned an average recommendation of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$14.41.

A number of research analysts recently commented on the company. Cormark decreased their price objective on Superior Plus from C$16.00 to C$13.50 and set a “market perform” rating on the stock in a report on Tuesday, February 22nd. Royal Bank of Canada upgraded Superior Plus from a “sector perform” rating to an “outperform” rating and set a C$15.00 price target on the stock in a research note on Wednesday, April 6th. BMO Capital Markets decreased their price target on Superior Plus from C$13.00 to C$12.50 in a research note on Tuesday, February 22nd. Canaccord Genuity Group upgraded Superior Plus to a “buy” rating and set a C$13.50 price target on the stock in a research note on Thursday, April 7th. Finally, TD Securities decreased their price target on Superior Plus from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research note on Friday, April 8th.

Shares of Superior Plus stock traded up C$0.02 on Friday, hitting C$11.85. 1,231,200 shares of the company were exchanged, compared to its average volume of 763,263. The stock has a market capitalization of C$2.39 billion and a price-to-earnings ratio of 11.43. The company has a 50-day moving average price of C$11.77 and a 200 day moving average price of C$12.85. Superior Plus has a 1-year low of C$10.80 and a 1-year high of C$16.24. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 124.28.

Superior Plus (TSE:SPBGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.24). The company had revenue of C$824.90 million during the quarter, compared to analysts’ expectations of C$681.67 million. Research analysts forecast that Superior Plus will post 0.71 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 13th. Stockholders of record on Saturday, April 30th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Thursday, April 28th. Superior Plus’s dividend payout ratio is presently 69.43%.

In related news, Senior Officer Elizabeth Summers acquired 4,500 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was acquired at an average cost of C$10.92 per share, with a total value of C$49,140.00. Following the completion of the transaction, the insider now owns 42,782 shares in the company, valued at approximately C$467,179.44.

About Superior Plus (Get Rating)

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California.

Recommended Stories

Analyst Recommendations for Superior Plus (TSE:SPB)

Receive News & Ratings for Superior Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Plus and related companies with MarketBeat.com's FREE daily email newsletter.