Superior Plus (TSE:SPB) PT Lowered to C$9.50

Superior Plus (TSE:SPB - Free Report) had its price objective lowered by Desjardins from C$10.50 to C$9.50 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Cormark cut their price target on shares of Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. Stifel Nicolaus cut their price objective on Superior Plus from C$12.50 to C$12.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Cibc World Mkts downgraded Superior Plus from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 15th. CIBC cut Superior Plus from an "outperform" rating to a "neutral" rating and dropped their price target for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th. Finally, Scotiabank cut their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research note on Monday, August 19th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$10.27.

Superior Plus Stock Up 1.1 %

TSE:SPB traded up C$0.08 on Wednesday, hitting C$7.43. 923,930 shares of the company's stock were exchanged, compared to its average volume of 876,851. Superior Plus has a 52 week low of C$7.20 and a 52 week high of C$10.36. The company has a market cap of C$1.85 billion, a P/E ratio of -148.60 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The firm has a 50-day moving average price of C$7.65 and a 200-day moving average price of C$8.60.

Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.19) by C($0.08). The company had revenue of C$578.62 million for the quarter, compared to analyst estimates of C$710.53 million. Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 9.69%. The ex-dividend date of this dividend was Friday, September 27th. Superior Plus's dividend payout ratio (DPR) is currently -1,440.00%.

Superior Plus Company Profile

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.