Superior Plus (TSE:SPB – Free Report) had its price objective decreased by TD Securities from C$10.00 to C$9.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Several other brokerages also recently commented on SPB. Royal Bank of Canada dropped their target price on Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. Cibc World Mkts lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Scotiabank lowered their price objective on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, August 19th. CIBC lowered Superior Plus from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th. Finally, National Bankshares lowered their price objective on Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$10.27.
Get Our Latest Stock Analysis on SPB
Superior Plus Stock Performance
Superior Plus (TSE:SPB – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). The company had revenue of C$578.62 million for the quarter, compared to analysts’ expectations of C$710.53 million. Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%.
Superior Plus Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 9.76%. Superior Plus’s payout ratio is -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.
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