Superior Plus (TSE:SPB) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Superior Plus stock fell below its 200-day moving average, trading as low as C$6.35 and last at C$6.37 versus the 200‑day MA of C$7.23, on roughly 1.01 million shares traded.
• Several firms lowered ratings and price targets in late February, leaving a MarketBeat consensus of Hold with a consensus target price of C$7.80.
• Key fundamentals show heavy leverage (debt-to-equity 244.09), a PE of about 25.5 and market cap C$1.37B, while the stock pays a modest annualized dividend of C$0.18 (yield ~2.8%, payout ratio ~51.8%).

Superior Plus Corp. (TSE:SPB - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.23 and traded as low as C$6.35. Superior Plus shares last traded at C$6.37, with a volume of 1,010,785 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on SPB. Desjardins lowered shares of Superior Plus from a "buy" rating to a "hold" rating and lowered their price target for the company from C$8.75 to C$7.00 in a report on Monday, February 23rd. Stifel Nicolaus lowered their price target on shares of Superior Plus from C$10.00 to C$9.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. Royal Bank Of Canada lowered their target price on shares of Superior Plus from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Monday, February 23rd. Scotiabank lowered shares of Superior Plus from an "outperform" rating to a "hold" rating and lowered their target price for the stock from C$8.50 to C$6.50 in a research note on Monday, February 23rd. Finally, BMO Capital Markets lowered shares of Superior Plus from an "outperform" rating to a "hold" rating and lowered their target price for the stock from C$9.00 to C$8.00 in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$7.80.

Superior Plus Price Performance

The company has a debt-to-equity ratio of 244.09, a quick ratio of 0.46 and a current ratio of 0.95. The stock has a market cap of C$1.37 billion, a PE ratio of 25.48 and a beta of 0.21. The stock's 50-day moving average is C$6.84 and its two-hundred day moving average is C$7.23.

Superior Plus (TSE:SPB - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.37 EPS for the quarter. The company had revenue of C($3.43) million during the quarter. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%.

Superior Plus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus's payout ratio is 51.81%.

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.

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