Superior Plus Corp. (TSE:SPB) Receives Average Recommendation of “Buy” from Analysts

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Superior Plus Corp. (TSE:SPB) has received a consensus rating of “Buy” from the eleven ratings firms that are presently covering the company, reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$14.75.

SPB has been the subject of several research reports. Royal Bank of Canada cut Superior Plus from an “outperform” rating to a “sector perform” rating and set a C$14.00 target price for the company. in a research note on Friday, July 12th. Industrial Alliance Securities raised Superior Plus from a “buy” rating to a “strong-buy” rating and set a C$15.00 target price for the company in a research note on Thursday, August 15th. CIBC lifted their target price on Superior Plus from C$14.50 to C$16.00 in a research note on Thursday, July 11th. Raymond James set a C$15.00 target price on Superior Plus and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets lowered their target price on Superior Plus from C$14.00 to C$13.50 in a research note on Thursday, August 15th.

SPB stock traded up C$0.02 during midday trading on Friday, reaching C$11.91. 268,200 shares of the company’s stock traded hands, compared to its average volume of 551,608. The company has a 50-day simple moving average of C$12.14 and a two-hundred day simple moving average of C$12.40. Superior Plus has a 1-year low of C$9.17 and a 1-year high of C$13.70. The company has a market cap of $2.08 billion and a price-to-earnings ratio of 52.93. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 172.16.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.18) by C$0.01. The business had revenue of C$541.20 million for the quarter, compared to analyst estimates of C$581.00 million. Equities research analysts forecast that Superior Plus will post 0.9407704 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.06 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 6.05%. Superior Plus’s dividend payout ratio is currently 320.00%.

About Superior Plus

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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