Superior Plus (TSE:SPB) Upgraded at TD

TD upgraded shares of Superior Plus (TSE:SPB) from a sell rating to a hold rating in a report released on Thursday morning,BayStreet reports. TD currently has C$5.50 target price on the stock.

Several other research analysts have also recently issued reports on the stock. National Bank Financial set a C$6.50 target price on shares of Superior Plus and gave the stock a “sector perform” rating in a report on Thursday. TD Securities lowered shares of Superior Plus from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 4th. Scotia increased their price target on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Desjardins reduced their price objective on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research note on Monday, October 26th. Finally, Royal Bank Of Canada lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$7.62.

Superior Plus Stock Performance

Shares of Superior Plus stock traded up C$0.25 on Thursday, reaching C$5.67. 1,295,765 shares of the stock were exchanged, compared to its average volume of 865,544. The company has a quick ratio of 0.46, a current ratio of 0.88 and a debt-to-equity ratio of 218.38. Superior Plus has a twelve month low of C$5.11 and a twelve month high of C$8.86. The business has a 50 day moving average price of C$6.78 and a two-hundred day moving average price of C$7.27. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 31.50 and a beta of 0.31.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Tuesday, November 10th. The company reported C($0.53) EPS for the quarter. The business had revenue of C$541.12 million during the quarter. Superior Plus had a net margin of 1.88% and a return on equity of 5.33%. During the same quarter in the prior year, the business earned ($0.47) earnings per share.

Key Stories Impacting Superior Plus

These are some of the SPB stories that stood out recently:

• Positive Sentiment: TD Securities upgraded Superior Plus from “strong sell” to “hold,” a more favorable stance, though still not a buy rating. TD Securities ratings
• Negative Sentiment: CIBC lowered its rating from “strong buy” to “hold,” removing a bullish endorsement. CIBC ratings
• Negative Sentiment: Several analysts reduced their targets: BMO and Desjardins to C$6.50, ATB Cormark and Raymond James to C$7.00, and TD to C$5.50. Although some targets imply upside from the cited C$5.42 price, the broad cuts signal lower expectations. Analyst target changes

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.