Stifel Canada Estimates Superior Plus’ Q4 Earnings (TSE:SPB)

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

A number of other equities analysts have also commented on the company. Scotiabank cut their price target on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. TD Securities raised their target price on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. CIBC upped their price target on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, Cibc World Mkts upgraded shares of Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$9.95.

Superior Plus Stock Performance

Shares of SPB stock opened at C$6.01 on Monday. The firm’s 50 day moving average is C$6.20 and its 200 day moving average is C$6.86. 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 12 month low of C$5.15 and a 12 month high of C$10.36. The stock has a market capitalization of C$1.01 billion, a P/E ratio of 22.10 and a beta of 0.76.

Insider Buying and Selling

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 bought at an average price of C$6.13 per share, with a total value of C$29,445.12. 0.54% of the stock is currently owned by corporate 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.