Superior Plus (TSE:SPB) Price Target Cut to C$9.00 by Analysts at BMO Capital Markets

Superior Plus (TSE:SPB) had its target price decreased by BMO Capital Markets from C$10.00 to C$9.00 in a report issued on Tuesday morning, BayStreet.CA reports.

SPB has been the subject of several other research reports. CIBC lowered Superior Plus from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th. Cibc World Mkts lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. National Bankshares lowered their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Stifel Nicolaus cut their price target on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, Desjardins lowered their price objective on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$10.18.

Superior Plus Stock Performance

Shares of SPB opened at C$6.81 on Tuesday. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of -136.20 and a beta of 0.76. Superior Plus has a 52-week low of C$6.79 and a 52-week high of C$10.36. The stock’s 50-day simple moving average is C$7.57 and its 200 day simple moving average is C$8.48.

Superior Plus (TSE:SPB) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. The firm had revenue of C$578.62 million for the quarter, compared to analysts’ expectations of C$710.53 million.

Superior Plus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 10.57%. Superior Plus’s dividend payout ratio 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.