Atb Cap Markets Predicts Weaker Earnings for Superior Plus

Superior Plus Corp. (TSE:SPB) – Atb Cap Markets lowered their FY2024 EPS estimates for shares of Superior Plus in a note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.01 for the year, down from their previous forecast of $0.04.

Other analysts also recently issued reports about the company. BMO Capital Markets decreased their price objective on Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. CIBC upped their price target on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Desjardins lowered their price objective on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. TD Securities upped their target price on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Finally, Scotiabank decreased their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.95.

Superior Plus Trading Down 0.5 %

Shares of TSE SPB opened at C$5.95 on Monday. The firm has a 50 day moving average price of C$6.33 and a two-hundred day moving average price of C$7.01. The stock has a market cap of C$1.48 billion, a P/E ratio of -119.00 and a beta of 0.76. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$10.36. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75.

Superior Plus Company Profile

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.