Atb Cap Markets Comments on Superior Plus FY2024 Earnings

Superior Plus Corp. (TSE:SPB - Free Report) - Analysts at Atb Cap Markets decreased their FY2024 EPS estimates for shares of Superior Plus in a research note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.01 for the year, down from their prior forecast of $0.04.

A number of other analysts have also recently commented on SPB. Desjardins reduced their price objective on shares of Superior Plus from C$10.50 to C$9.50 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Cibc World Mkts upgraded shares of Superior Plus to a "strong-buy" rating in a research report on Friday, November 8th. TD Securities increased their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Scotiabank lowered their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets lowered their target price on shares of Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Superior Plus has a consensus rating of "Moderate Buy" and a consensus target price of C$9.95.

Superior Plus Stock Up 1.0 %

Shares of TSE SPB traded up C$0.06 during midday trading on Monday, hitting C$6.05. The stock had a trading volume of 584,693 shares, compared to its average volume of 799,131. The business's 50 day moving average is C$6.28 and its 200-day moving average is C$6.98. The company has a market cap of C$1.02 billion, a P/E ratio of 22.24 and a beta of 0.76. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35.

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.