Superior Plus (TSE:SPB) had its price target lifted by CIBC from C$14.50 to C$16.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.
A number of other research analysts have also issued reports on the company. Desjardins boosted their price objective on Superior Plus from C$14.00 to C$14.50 in a research report on Friday, May 10th. National Bank Financial reduced their price objective on Yamana Gold from C$5.25 to C$5.00 in a research report on Thursday, March 21st. Raymond James restated a buy rating and set a $18.00 price objective on shares of Cornerstone Progressive Return Fund in a research report on Wednesday, June 12th. Canaccord Genuity set a $49.00 price objective on Lovesac and gave the company a buy rating in a research report on Tuesday, June 11th. Finally, BMO Capital Markets boosted their price objective on Axalta Coating Systems to $34.00 and gave the company a market perform rating in a research report on Friday, June 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Superior Plus currently has a consensus rating of Buy and a consensus target price of C$14.89.
Shares of SPB opened at C$13.27 on Thursday. The firm has a market cap of $2.32 billion and a price-to-earnings ratio of 27.76. The business has a 50 day moving average price of C$12.91. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 163.24. Superior Plus has a 52 week low of C$9.17 and a 52 week high of C$13.70.
Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.61 by C$0.30. The company 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 forecast that Superior Plus will post 0.98 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.43%. Superior Plus’s dividend payout ratio (DPR) is presently 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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