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

Superior Plus Corp. (TSE:SPB) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$9.91.

Several brokerages recently weighed in on SPB. TD Securities cut their target price on shares of Superior Plus from C$9.00 to C$7.50 and set a “buy” rating for the company in a research note on Friday, November 8th. BMO Capital Markets cut their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Tuesday, October 22nd. Stifel Nicolaus cut their target price on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Friday, August 16th. ATB Capital dropped their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Finally, CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from C$9.50 to C$8.50 in a research note on Friday, November 8th.

Superior Plus Trading Up 0.3 %

Shares of SPB stock opened at C$6.27 on Thursday. The firm has a 50-day moving average price of C$7.25 and a 200 day moving average price of C$8.21. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$10.36. The company has a market capitalization of C$1.56 billion, a price-to-earnings ratio of -125.40 and a beta of 0.76. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90.

Superior Plus (TSE:SPB) last announced its earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.19) by C($0.08). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. The firm had revenue of C$578.62 million during the quarter, compared to analyst estimates of C$710.53 million.

Superior Plus Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, December 31st. Superior Plus’s dividend payout ratio (DPR) is presently -1,440.00%.

Insider Buying and Selling

In other Superior Plus news, Director Shawn Bradley Vammen bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$6.35 per share, with a total value of C$31,750.00. In related news, Director Patrick Edward Gottschalk purchased 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of C$6.35 per share, with a total value of C$31,750.00. Corporate insiders own 0.54% of the company’s stock.

Superior Plus Company Profile

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.