Superior Plus (TSE:SPB) Stock Rating Cut to Hold at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce cut shares of Superior Plus (TSE:SPB) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks reports.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. ATB Cormark Capital Markets lowered their target price on shares of Superior Plus from C$9.00 to C$7.00 and set a “sector perform” rating for the company in a research note on Thursday. Scotia lifted their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. TD Securities downgraded Superior Plus from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 4th. Finally, Raymond James Financial reduced their price target on Superior Plus from C$8.50 to C$7.00 and set a “market perform” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$7.62.

Superior Plus Trading Up 2.1%

Shares of SPB stock opened at C$5.42 on Wednesday. The firm has a 50-day moving average price of C$6.80 and a 200 day moving average price of C$7.28. Superior Plus has a twelve month low of C$5.11 and a twelve month high of C$8.86. The company has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 30.11 and a beta of 0.31. The company has a current ratio of 0.88, a quick ratio of 0.46 and a debt-to-equity ratio of 218.38.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Tuesday, November 10th. The company reported C($0.53) earnings per share (EPS) for the quarter. The firm had revenue of C$541.12 million for the quarter. Superior Plus had a return on equity of 5.33% and a net margin of 1.88%. During the same quarter in the prior year, the company earned ($0.47) earnings per share.

Key Superior Plus News

These are some of the SPB news items that stood out recently:

• Neutral Sentiment: Superior Plus reported that its Q3 net loss narrowed. However, the earnings report cited a loss of C$0.53 per share, compared with C$0.47 a year earlier, tempering the improvement. Superior Plus Q3 net loss narrows
• Neutral Sentiment: The company declared a fourth-quarter 2026 dividend, which may appeal to income-focused investors; the supplied report does not specify the dividend amount. Superior Plus declares 2026 fourth-quarter dividend
• Negative Sentiment: Several analysts lowered their targets, signaling reduced expectations: BMO and Desjardins cut theirs to C$6.50, while ATB Cormark and Raymond James lowered theirs to C$7.00. National Bank Financial initiated a C$6.50 target. The new targets remain above the cited share price, but the downward revisions could weigh on sentiment. Analyst target changes

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.