Superior Plus (TSE:SPB) Downgraded by Canadian Imperial Bank of Commerce to Neutral

Superior Plus (TSE:SPB) was downgraded by investment analysts at Canadian Imperial Bank of Commerce from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday,BayStreet.CA reports. They presently have a C$8.00 price target on the stock, down from their previous price target of C$9.00. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 25.20% from the stock’s current price.

SPB has been the subject of a number of other reports. National Bank Financial increased their price objective on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. TD Securities upgraded shares of Superior Plus from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Scotiabank reduced their target price on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Finally, Desjardins raised their price objective on Superior Plus from C$9.00 to C$9.75 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$8.66.

Superior Plus Stock Down 19.5%

SPB traded down C$1.55 during trading on Friday, reaching C$6.39. The company had a trading volume of 6,001,169 shares, compared to its average volume of 888,503. The company has a market cap of C$1.42 billion, a P/E ratio of 91.29 and a beta of 0.49. Superior Plus has a 12 month low of C$5.85 and a 12 month high of C$8.34. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The business’s fifty day moving average price is C$7.28 and its 200 day moving average price is C$7.42.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.33 earnings per share (EPS) for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.The business had revenue of C($3.43) million during the quarter.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.