Superior Plus (TSE:SPB) Rating Lowered to “Hold” at Canadian Imperial Bank of Commerce

Superior Plus (TSE:SPB) was downgraded by investment analysts at Canadian Imperial Bank of Commerce from an “outperform” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat reports. They presently have a C$8.00 price target on the stock, down from their previous price target of C$9.00. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 23.46% from the stock’s previous close.

Other analysts have also issued reports about the stock. TD Securities upgraded shares of Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Desjardins boosted their price target on shares of Superior Plus from C$9.00 to C$9.75 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Scotiabank decreased their price objective on shares of Superior Plus from C$10.00 to C$8.50 in a report on Monday, November 17th. Finally, National Bank Financial increased their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Superior Plus has an average rating of “Moderate Buy” and a consensus target price of C$8.66.

Superior Plus Stock Down 18.4%

SPB stock opened at C$6.48 on Friday. The firm has a market cap of C$1.44 billion, a PE ratio of 92.57 and a beta of 0.49. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The firm’s 50 day moving average price is C$7.27 and its 200-day moving average price is C$7.42. Superior Plus has a one year low of C$5.85 and a one year high of C$8.34.

Superior Plus (TSE:SPB) last posted its earnings results on Thursday, February 19th. The company reported C$0.33 earnings per share (EPS) for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.The company had revenue of C($3.43) million during the quarter.

Trending Headlines about Superior Plus

Here are the key news stories impacting Superior Plus this week:

• Positive Sentiment: TD Securities cut its price target to C$7.00 but kept a “buy” rating, signaling continued conviction in the name despite the lower target. BayStreet.CA
• Positive Sentiment: BMO Capital Markets and CIBC both set price targets of C$8.00 (roughly ~23.6% above the current price), indicating some analysts still see multi‑quarter upside even as they reduced enthusiasm. BayStreet.CA
• Neutral Sentiment: Trading volume is sharply higher today (several million shares vs ~929k average), which confirms broad investor reaction to the analyst notes and earnings but does not by itself indicate whether selling is finished or accelerating further.
• Negative Sentiment: BMO downgraded SPB from “outperform” to “market perform” and CIBC downgraded from “outperform” to “neutral” — the downgrades remove previous upside momentum and likely contributed to the rapid price decline. BayStreet.CA
• Negative Sentiment: Quarterly results: SPB reported C$0.33 EPS but showed revenue listed as C($3.43)M and thin net margins (1.8%) with modest ROE (4.2%). The mixed/tepid fundamentals likely disappointed some investors and amplified selling pressure. Press Release
• Negative Sentiment: Balance-sheet and valuation risks: SPB shows high leverage (debt-to-equity ~193) and weak liquidity ratios, while the trailing P/E is elevated — factors that increase sensitivity to weaker results and analyst downgrades.

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.