Q4 EPS Estimates for Superior Plus Lowered by Stifel Canada

Superior Plus Corp. (TSE:SPB) – Analysts at Stifel Canada reduced their Q4 2024 earnings per share (EPS) estimates for Superior Plus in a report released on Wednesday, February 19th. Stifel Canada analyst D. Young now forecasts that the company will earn $0.16 per share for the quarter, down from their prior forecast of $0.28.

Several other analysts have also weighed in on SPB. CIBC upped their target price on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Scotiabank reduced their price objective on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. TD Securities increased their target price on Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Finally, Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$9.95.

Superior Plus Stock Down 0.2 %

Superior Plus stock opened at C$6.00 on Monday. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 22.06 and a beta of 0.76. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$10.36. The stock’s fifty day moving average is C$6.19 and its two-hundred day moving average is C$6.86.

Insiders Place Their Bets

In related news, Senior Officer Natasha Anne Cherednichenko bought 4,800 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of C$6.13 per share, for a total transaction of C$29,445.12. 0.54% of the stock is currently owned by insiders.

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.