Superior Plus Corp. (TSE:SPB) Given Average Recommendation of “Hold” by Analysts

Superior Plus Corp. (TSE:SPB) has earned an average rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$7.80.

SPB has been the topic of several research reports. BMO Capital Markets lowered Superior Plus from an “outperform” rating to a “hold” rating and cut their target price for the stock from C$9.00 to C$8.00 in a research report on Friday, February 20th. ATB Cormark Capital Markets dropped their price target on Superior Plus from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Stifel Nicolaus cut their price objective on Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Royal Bank Of Canada reduced their price objective on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Finally, TD Securities cut Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd.

Superior Plus Stock Performance

Shares of SPB stock opened at C$6.53 on Friday. The company has a debt-to-equity ratio of 244.09, a quick ratio of 0.46 and a current ratio of 0.95. The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 26.12 and a beta of 0.30. Superior Plus has a one year low of C$6.06 and a one year high of C$8.34. The company has a 50 day moving average price of C$6.97 and a 200 day moving average price of C$7.31.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$0.37 earnings per share for the quarter. The company had revenue of C($3.43) million for the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Superior Plus’s payout ratio is 51.81%.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.