Shares of Superior Plus Corp. (TSE:SPB) have been given a consensus rating of “Buy” by the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$14.50.
SPB has been the topic of several recent research reports. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 10th. Cormark lowered their price objective on shares of Superior Plus from C$16.00 to C$15.00 in a research note on Tuesday, February 12th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Superior Plus in a research note on Wednesday, February 13th. Royal Bank of Canada raised shares of Superior Plus from a “sector perform” rating to an “outperform” rating and set a C$14.00 price objective on the stock in a research note on Monday, December 17th. Finally, Canaccord Genuity lowered their price objective on shares of Superior Plus from C$13.75 to C$13.50 in a research note on Tuesday, February 19th.
Superior Plus stock traded down C$0.06 during trading hours on Wednesday, hitting C$11.41. 142,358 shares of the company traded hands, compared to its average volume of 612,506. The stock has a market cap of $2.01 billion and a price-to-earnings ratio of -53.07. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 170.25. Superior Plus has a 1-year low of C$9.17 and a 1-year high of C$13.56.
Superior Plus (TSE:SPB) last released its earnings results on Thursday, February 14th. The company reported C$0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.22 by C($0.02). The business had revenue of C$887.00 million for the quarter, compared to analysts’ expectations of C$857.00 million. Research analysts expect that Superior Plus will post 0.8 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 6.31%. The ex-dividend date is Monday, April 29th. Superior Plus’s payout ratio is presently -334.88%.
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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