Brokerages Set Superior Plus Corp. (TSE:SPB) PT at C$10.55

Superior Plus Corp. (TSE:SPB) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$10.55.

A number of equities research analysts recently weighed in on the company. National Bank Financial cut Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Scotiabank dropped their price target on Superior Plus from C$12.00 to C$9.00 in a report on Monday, August 19th. BMO Capital Markets lowered their target price on Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. TD Securities lowered their target price on Superior Plus from C$12.00 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada lowered their target price on Superior Plus from C$13.00 to C$11.00 in a research note on Thursday, August 15th.

Superior Plus Trading Down 0.7 %

Shares of SPB opened at C$7.59 on Wednesday. Superior Plus has a 1 year low of C$7.47 and a 1 year high of C$10.43. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. The stock has a 50 day simple moving average of C$7.78 and a 200-day simple moving average of C$8.79. The stock has a market cap of C$1.89 billion, a PE ratio of -151.80 and a beta of 0.77.

Superior Plus (TSE:SPB) last issued its earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The company had revenue of C$578.62 million during the quarter, compared to analyst estimates of C$710.53 million. On average, sell-side analysts predict that Superior Plus will post 0.5286285 EPS for the current fiscal year.

Superior Plus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 9.49%. Superior Plus’s dividend payout ratio is currently -1,440.00%.

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.