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

Shares of Superior Plus Corp. (TSE:SPB) have earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$12.69.

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

Superior Plus Price Performance

Shares of SPB opened at C$9.36 on Monday. The company has a market cap of C$2.33 billion, a price-to-earnings ratio of 40.70 and a beta of 0.79. Superior Plus has a twelve month low of C$9.05 and a twelve month high of C$10.90. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 140.14. The company has a 50 day moving average of C$9.67 and a two-hundred day moving average of C$9.66.

Superior Plus (TSE:SPB) last announced its 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 analyst estimates of C$1.21 billion. Superior Plus had a net margin of 1.54% and a return on equity of 4.77%. As a group, analysts predict that Superior Plus will post 0.4425023 earnings per share for the current fiscal year.

Superior Plus Dividend Announcement

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

Insider Activity at Superior Plus

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

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.