Superior Plus Corp. (TSE:SPB) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$9.95.

SPB has been the topic of a number of research analyst reports. Scotiabank cut their price target on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. BMO Capital Markets reduced their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. TD Securities boosted their price target on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. CIBC increased their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Finally, Desjardins decreased their target price on Superior Plus from C$10.50 to C$9.50 and set a "buy" rating for the company in a research report on Wednesday, October 16th.

Superior Plus Trading Down 2.4 %

TSE:SPB traded down C$0.15 during mid-day trading on Tuesday, hitting C$6.03. 694,263 shares of the stock traded hands, compared to its average volume of 842,416. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The stock has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -120.60 and a beta of 0.76. The firm's 50 day moving average is C$6.37 and its two-hundred day moving average is C$7.15.

Superior Plus (TSE:SPB - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.27) by C($0.10). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. During the same period in the prior year, the business earned ($0.46) EPS.

Superior Plus Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.045 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.18 annualized dividend and a yield of 2.99%. Superior Plus's dividend payout ratio (DPR) is -1,440.00%.

Insiders Place Their Bets

In other news, Director Patrick Edward Gottschalk bought 100,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost 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 company's stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$6.35 per share, for a total transaction of C$31,750.00. 0.54% of the stock is owned by insiders.

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.