Superior Plus (TSE:SPB) Raised to Outperform at CIBC

Superior Plus (TSE:SPB) was upgraded by research analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a C$8.50 price target on the stock, down from their previous price target of C$9.50. CIBC’s target price points to a potential upside of 33.02% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets reduced their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Tuesday, October 22nd. National Bankshares decreased their price objective on Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. ATB Capital cut their target price on Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Cibc World Mkts cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Cormark reduced their price objective on shares of Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Superior Plus presently has a consensus rating of “Moderate Buy” and an average target price of C$9.91.

Superior Plus Trading Up 14.1 %

TSE:SPB traded up C$0.79 during trading hours on Friday, hitting C$6.39. 2,924,214 shares of the stock were exchanged, compared to its average volume of 938,287. The company has a market capitalization of C$1.59 billion, a P/E ratio of -127.80 and a beta of 0.76. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. The company’s 50 day moving average is C$7.35 and its two-hundred day moving average is C$8.30. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$10.36.

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

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.