Brokerages Set Superior Plus Corp. (SPB) PT at $14.45

Superior Plus Corp. (TSE:SPB) has received an average rating of “Buy” from the twelve analysts that are presently covering the firm, reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$14.45.

Several research analysts have recently issued reports on SPB shares. CIBC raised Superior Plus from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 10th. Cormark lowered their price objective on Superior Plus from C$16.00 to C$15.00 in a research report on Tuesday, February 12th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Superior Plus in a research report on Wednesday, February 13th. Royal Bank of Canada raised Superior Plus from a “sector perform” rating to an “outperform” rating and set a C$14.00 price objective for the company in a research report on Monday, December 17th. Finally, TD Securities raised Superior Plus from a “buy” rating to an “action list buy” rating and set a C$16.00 price objective for the company in a research report on Wednesday, November 28th.

TSE:SPB opened at C$11.59 on Friday. The stock has a market cap of $1.99 billion and a PE ratio of -53.91. Superior Plus has a 1 year low of C$9.17 and a 1 year high of C$13.56. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 170.25.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, February 14th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.22 by C($0.02). The firm had revenue of C$887.00 million during the quarter, compared to analyst estimates of C$857.00 million. As a group, research analysts forecast that Superior Plus will post 0.86000001068323 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.21%. Superior Plus’s dividend payout ratio (DPR) is presently -334.88%.

Superior Plus Company Profile

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.

Further Reading: Commodities

Analyst Recommendations for Superior Plus (TSE:SPB)

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