Superior Plus (TSE:SPB) Receives “Outperform” Rating from Raymond James

Raymond James restated their outperform rating on shares of Superior Plus (TSE:SPB) in a report published on Thursday, BayStreet.CA reports. The brokerage currently has a C$15.00 price target on the stock.

Several other research analysts have also weighed in on SPB. Desjardins increased their price objective on Superior Plus from C$14.00 to C$14.50 in a research report on Friday, May 10th. BMO Capital Markets lowered Superior Plus from a strong-buy rating to a buy rating and increased their price objective for the stock from C$14.75 to C$15.00 in a research report on Friday, June 21st. CIBC increased their price objective on Superior Plus from C$14.50 to C$16.00 in a research report on Thursday, July 11th. Royal Bank of Canada lowered Superior Plus from an outperform rating to a sector perform rating and set a C$14.00 price objective for the company. in a research report on Friday, July 12th. Finally, Canaccord Genuity increased their price objective on Superior Plus from C$13.75 to C$14.50 and gave the stock a buy rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Superior Plus presently has an average rating of Buy and a consensus target price of C$14.94.

TSE SPB traded up C$0.10 during trading hours on Thursday, reaching C$13.15. The company’s stock had a trading volume of 152,305 shares, compared to its average volume of 535,295. The firm has a 50-day moving average price of C$13.27. Superior Plus has a 1-year low of C$9.17 and a 1-year high of C$13.70. The stock has a market capitalization of $2.28 billion and a price-to-earnings ratio of 27.51. The company has a debt-to-equity ratio of 163.24, a current ratio of 1.33 and a quick ratio of 0.98.

Superior Plus (TSE:SPB) last announced its earnings results on Thursday, May 9th. The company reported C$0.91 EPS for the quarter, beating analysts’ consensus estimates of C$0.61 by C$0.30. The firm had revenue of C$1.02 billion for the quarter, compared to analyst estimates of C$1.03 billion. As a group, sell-side analysts expect that Superior Plus will post 0.9800001 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.72 annualized dividend and a dividend yield of 5.48%. Superior Plus’s dividend payout ratio is currently 150.63%.

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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Analyst Recommendations for Superior Plus (TSE:SPB)

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