TD Securities Has Lowered Expectations for Superior Plus (TSE:SPB) Stock Price

Superior Plus (TSE:SPB) had its price objective dropped by TD Securities from C$9.00 to C$7.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 17.37% from the company’s current price.

Several other brokerages have also commented on SPB. Stifel Nicolaus decreased their price objective on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a report on Friday, August 16th. National Bankshares lowered their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. National Bank Financial lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Cormark dropped their price target on Superior Plus from C$12.00 to C$10.00 in a research report on Monday, July 29th. Finally, Desjardins decreased their price objective on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Superior Plus has a consensus rating of “Moderate Buy” and a consensus target price of C$9.91.

Superior Plus Trading Up 14.1 %

SPB traded up C$0.79 on Friday, hitting C$6.39. 2,924,214 shares of the company were exchanged, compared to its average volume of 938,287. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. Superior Plus has a 12 month low of C$5.15 and a 12 month high of C$10.36. The firm has a fifty day simple moving average of C$7.35 and a two-hundred day simple moving average of C$8.30. The stock has a market capitalization of C$1.59 billion, a PE ratio of -128.60 and a beta of 0.76.

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

About Superior Plus

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.