Superior Plus (TSE:SPB) Stock Rating Upgraded by Canadian Imperial Bank of Commerce

Superior Plus (TSE:SPB) was upgraded by stock analysts at Canadian Imperial Bank of Commerce from a “neutral” rating to an “outperformer” rating in a research note issued on Tuesday,BayStreet.CA reports.

Several other research firms have also issued reports on SPB. ATB Cormark Capital Markets dropped their target price on shares of Superior Plus from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Desjardins lowered shares of Superior Plus from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$8.75 to C$7.00 in a report on Monday, February 23rd. BMO Capital Markets lowered shares of Superior Plus from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$9.00 to C$8.00 in a report on Friday, February 20th. TD Securities lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada cut their price target on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$7.77.

Superior Plus Trading Up 3.2%

SPB stock traded up C$0.23 during midday trading on Tuesday, hitting C$7.37. The stock had a trading volume of 994,986 shares, compared to its average volume of 1,027,059. The firm has a market cap of C$1.58 billion, a P/E ratio of 29.48 and a beta of 0.21. The company has a current ratio of 0.95, a quick ratio of 0.46 and a debt-to-equity ratio of 244.09. Superior Plus has a 1-year low of C$6.06 and a 1-year high of C$8.34. The business has a fifty day moving average price of C$6.79 and a two-hundred day moving average price of C$7.20.

Superior Plus (TSE:SPB) last released its earnings results on Thursday, February 19th. The company reported C$0.37 earnings per share (EPS) for the quarter. The business had revenue of C($3.43) million for the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%.

Superior Plus Company Profile

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.