Superior Plus Corp. (TSE:SPB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$12.72.

Separately, Royal Bank of Canada cut their price target on Superior Plus from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Friday.

Insiders Place Their Bets

In other news, Senior Officer Kirsten Olsen acquired 3,765 shares of Superior Plus stock in a transaction that occurred on Monday, May 27th. The stock was bought at an average price of C$9.37 per share, with a total value of C$35,278.05. 0.49% of the stock is owned by corporate insiders.

Superior Plus Stock Performance

SPB traded down C$0.02 during midday trading on Friday, reaching C$8.61. The company had a trading volume of 623,708 shares, compared to its average volume of 813,097. The business has a 50-day moving average price of C$9.14 and a two-hundred day moving average price of C$9.44. The company has a debt-to-equity ratio of 129.19, a quick ratio of 0.46 and a current ratio of 0.96. Superior Plus has a 12-month low of C$8.33 and a 12-month high of C$10.90. The stock has a market cap of C$2.14 billion, a PE ratio of 40.43 and a beta of 0.81.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.40 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.05). Superior Plus had a net margin of 0.57% and a return on equity of 2.58%. The firm had revenue of C$1.21 billion during the quarter, compared to analysts’ expectations of C$1.38 billion. On average, sell-side analysts expect that Superior Plus will post 0.3347732 earnings per share for the current fiscal year.

Superior Plus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.36%.

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.