Superior Plus Corp. (TSE:SPB) Receives Consensus Rating of “Hold” from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$8.39.

Several analysts recently issued reports on the stock. TD upped their price objective on shares of Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Desjardins lifted their target price on shares of Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a report on Friday, May 15th. TD Securities lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$9.00 to C$8.00 in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce raised Superior Plus from a “hold” rating to an “outperformer” rating in a research report on Tuesday, April 21st.

Insider Transactions at Superior Plus

In other Superior Plus news, insider Dale Alan Winger purchased 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$7.65 per share, with a total value of C$76,500.00. Following the transaction, the insider directly owned 41,000 shares in the company, valued at approximately C$313,650. This represents a 32.26% increase in their position. 0.54% of the stock is owned by company insiders.

Superior Plus Stock Up 2.0%

SPB opened at C$7.81 on Monday. The firm has a market cap of C$1.68 billion, a P/E ratio of 37.19 and a beta of 0.29. The company has a debt-to-equity ratio of 193.28, a quick ratio of 0.46 and a current ratio of 1.22. The business has a 50 day moving average price of C$7.03 and a 200 day moving average price of C$7.14. Superior Plus has a twelve month low of C$6.06 and a twelve month high of C$8.34.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. Superior Plus had a return on equity of 4.59% and a net margin of 1.69%.The company had revenue of C$1.25 billion for the quarter.

Superior Plus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 2.3%. Superior Plus’s dividend payout ratio (DPR) is 62.09%.

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.