Superior Plus Corp. (TSE:SPB) has earned an average recommendation of “Buy” from the ten research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.25.

A number of research analysts recently commented on the stock. CIBC lowered their price objective on shares of Superior Plus from C$14.50 to C$13.50 in a research note on Wednesday, April 1st. Royal Bank of Canada lowered their price objective on shares of Superior Plus from C$14.00 to C$12.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 14th. TD Securities lowered their price objective on shares of Superior Plus from C$14.50 to C$12.50 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. BMO Capital Markets decreased their price target on shares of Superior Plus from C$13.50 to C$13.00 in a research report on Wednesday, January 29th. Finally, AltaCorp Capital decreased their price target on shares of Superior Plus from C$14.50 to C$13.00 in a research report on Tuesday, February 4th.

Shares of TSE SPB opened at C$9.05 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.99 and a debt-to-equity ratio of 185.64. The firm’s 50-day moving average price is C$8.46 and its two-hundred day moving average price is C$11.01. Superior Plus has a 52-week low of C$5.97 and a 52-week high of C$13.70. The stock has a market capitalization of $1.59 billion and a P/E ratio of 11.10.

Superior Plus (TSE:SPB) last issued its earnings results on Thursday, February 20th. The company reported C$0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.39 by C$0.04. The business had revenue of C$821.00 million during the quarter, compared to the consensus estimate of C$867.00 million. As a group, equities research analysts expect that Superior Plus will post 0.75 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Sunday, May 31st will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, May 28th. This represents a $0.72 annualized dividend and a dividend yield of 7.96%. Superior Plus’s payout ratio is 88.34%.

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.

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Analyst Recommendations for Superior Plus (TSE:SPB)

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