Superior Plus Corp. (TSE:SPB - Free Report) - Analysts at Stifel Canada decreased their Q4 2024 earnings per share estimates for Superior Plus in a research report issued on Wednesday, February 19th. Stifel Canada analyst D. Young now expects that the company will post earnings of $0.16 per share for the quarter, down from their previous forecast of $0.28.
A number of other brokerages have also weighed in on SPB. Cibc World Mkts upgraded shares of Superior Plus to a "strong-buy" rating in a research report on Friday, November 8th. Scotiabank dropped their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. TD Securities raised their price objective on Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Finally, CIBC boosted their target price on Superior Plus from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$9.95.
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Superior Plus Price Performance
Shares of TSE:SPB traded down C$0.06 during trading on Monday, hitting C$5.95. 481,979 shares of the company's stock were exchanged, compared to its average volume of 795,999. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$10.36. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 21.88 and a beta of 0.76. The business's 50-day simple moving average is C$6.20 and its 200 day simple moving average is C$6.86.
Insiders Place Their Bets
In other news, Senior Officer Natasha Anne Cherednichenko acquired 4,800 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of C$6.13 per share, with a total value of C$29,445.12. 0.54% of the stock is currently owned by insiders.
Superior Plus Company Profile
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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.
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