National Bank Financial Cuts Superior Plus (TSE:SPB) Price Target to C$6.00

Superior Plus (TSE:SPB) had its price objective lowered by National Bank Financial from C$7.00 to C$6.00 in a research report report published on Monday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

SPB has been the subject of several other reports. Scotiabank reduced their price target on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. BMO Capital Markets cut Superior Plus from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$9.00 to C$8.00 in a research note on Friday, February 20th. TD Securities cut their price objective on Superior Plus from C$8.50 to C$7.00 and set a “buy” rating for the company in a report on Friday, February 20th. Stifel Nicolaus decreased their target price on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating for the company in a research note on Monday. Finally, Canadian Imperial Bank of Commerce lowered shares of Superior Plus from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$9.00 to C$8.00 in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$7.80.

Superior Plus Stock Up 1.9%

Shares of SPB stock opened at C$6.42 on Monday. The firm’s fifty day moving average price is C$7.24 and its two-hundred day moving average price is C$7.42. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. Superior Plus has a 1 year low of C$5.85 and a 1 year high of C$8.34. The firm has a market capitalization of C$1.43 billion, a P/E ratio of 91.71 and a beta of 0.49.

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

Superior Plus News Roundup

Here are the key news stories impacting Superior Plus this week:

• Neutral Sentiment: Recent fundamentals: Superior reported C$0.33 EPS for the quarter (Feb. 19), a thin net margin (~1.8%) and metrics showing high leverage and tight liquidity (debt-to-equity ~193%, current ratio ~0.67). These factors likely explain analysts’ caution.
• Negative Sentiment: Desjardins lowered its rating on SPB, joining other shops in trimming expectations. Superior Plus (TSE:SPB) Stock Rating Lowered by Desjardins
• Negative Sentiment: Stifel Nicolaus reduced its outlook for SPB, contributing to the negative analyst tone. Stifel Nicolaus Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: ATB Cormark Capital Markets lowered expectations for the shares. ATB Cormark Capital Markets Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: Scotiabank downgraded SPB to a “Hold,” reducing buy-side conviction. Scotiabank Downgrades Superior Plus (TSE:SPB) to Hold
• Negative Sentiment: Royal Bank of Canada issued a pessimistic forecast for the stock, adding pressure to consensus views. Royal Bank Of Canada Issues Pessimistic Forecast for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: Raymond James lowered its rating on Superior Plus, another downward revision among analysts. Superior Plus (TSE:SPB) Stock Rating Lowered by Raymond James Financial
• Negative Sentiment: National Bank Financial trimmed its expectations for SPB’s share price. National Bank Financial Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price
• Negative Sentiment: TD Securities downgraded Superior Plus from “strong-buy” to “hold,” per a Zacks summary — adding to the breadth of downgrades. TD Securities Downgrade Summary (via Zacks)

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.