The shares of Superior Plus Corp. (TSE:SPB – Get Rating) received an average rating of “moderate buy” from the twelve research firms that currently cover the company, MarketBeat reports. Two research analysts rated the stock with a hold rating and six assigned the company a buy rating. The 1-year average price target among analysts who have updated their stock coverage in the past year is C$14.05.
SPB has been the subject of several analyst reports. Cormark raised Superior Plus shares to a “buy” rating and set a target price of C$15.00 for the company in a Thursday, May 5, research note. ATB Capital cut its price target on Superior Plus shares from C$14.50 to C$13.50 and set an “industry performance” rating for the company in a Thursday, May 12 research report. Royal Bank of Canada raised Superior Plus shares to a “buy” rating and set a target price of C$15.00 on the stock in a Thursday, May 5, report. Scotiabank lowered its target price on Superior Plus shares from C$14.00 to C$13.00 in a report Thursday, May 12. Finally, National Bankshares set a price target of C$13.00 on Superior Plus shares and gave the stock an “outperform” rating in a Wednesday, April 6 research note.
TSE SPB opened at C$11.26 on Friday. The company has a 50-day simple moving average of C$11.82 and a 200-day simple moving average of C$12.16. The company has a quick ratio of 0.88, a current ratio of 1.37 and a debt ratio of 136.57. Superior Plus has a 12-month low of C$10.80 and a 12-month high of C$16.24. The company has a market cap of C$2.27 billion and a price-earnings ratio of 8.58.
Superior Plus (TSE:SPB – Get Rating) last released its quarterly earnings data on Tuesday, May 10. The company reported EPS of C$0.68 for the quarter, beating the consensus estimate of C$0.62 by C$0.06. The company posted revenue of C$1.17 billion in the quarter, while analysts had expected C$896.50 million. Stock analysts expect Superior Plus to post earnings per share of 0.7 for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Friday, July 15. Investors of record on Thursday, June 30 will receive a dividend of $0.06 per share. The ex-date of this dividend is Wednesday, June 29. This represents an annualized dividend of $0.72 and a dividend yield of 6.39%. Superior Plus’ dividend payout ratio (DPR) is currently 54.84%.
Company Profile Superior Plus (Get a rating)
Superior Plus Corp. is active in the energy distribution sector. It operates through two segments, US Propane Distribution and Canadian Propane Distribution. The US Propane Distribution segment distributes and sells propane, fuel oil and other liquid fuels in the Northeast, Atlantic, Southeast, Midwest and California.
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