Buy, Sell or Hold: Superior Plus Corp (SPB-T) — Stock Predictions at Stockchase

TSE:SPB

12.19

0.13 (1.06%) 1d

Showing 1 to 15 of 244 entries

WEAK BUY

Analysts are not modelling a lot of growth. Trading at 15x 2022. The problem is the bloated balance sheet. A growth by acquisition story but they are not able to buy growth at this point. Likes the dividend and the pay out ratio. You could buy here and be okay.

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WEAK BUY

Cross-currents this winter with increases in prices. Likes the company broadly. He'd prefer a pipeline, especially in a RRIF, with more potential for capital appreciation and dividend growth.

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PAST TOP PICK

(A Top Pick Dec 13/19, Up 10%) It hasn't stumbled during this pandemic. Incredibly consistent business, distributing propane across North America, such as Quebec. The stock had plunged from $12 to $6 during the pandemic, but they will get through this pandemic without lasting issues. (SPB was fine, but the market was irrational. SPB is solid. It's had a good year, despite Covid.

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HOLD

The company has good businesses. Their problem was the balance sheet. They will be 3 times debt-to-EBITDA. They have more funds for M&A, which could help them make some interesting acquisitions. He likes the distribution and the management team. They just partnered with Brookfield, which gives a strong vote of confidence. Its valuation is reasonable. Not the first place he would put capital, but you would do well if you already own it.

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PAST TOP PICK

(A Top Pick Apr 25/19, Down 20%) He still owns this and added during March. He likes their US propane distribution system and acquisitions into the US northeast. They worked hard to sell their chemical business, but were not able to get the price they wanted. People need propane, so he sees this as an essential business. This is a good time to buy.

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PAST TOP PICK

(A Top Pick Apr 11/19, Down 11%) He still likes this. He bought when it yielded over 7%. The unique thing that happened was the announcement of the sale of their chemical business. They sold out of their position around $13.50 and took profit. When it was later announced the sale was not going ahead, the share prices dropped. Now with the recent sell off in the general market he has been back in buying. With a 6-7% dividend yield it is attractive.

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TOP PICK

An income name that pays 6.1% that's sustainable and growing. He likes the fundamentals. (Analysts’ price target is $14.60)

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BUY

Backed out of a deal? They announced 3 months ago they wanted to sell their European chemical business. When no material offers came then they backed out. They have a lot of debt they were planning to pay down following the failed divestiture. They have re-instated the DRIP program, which is dilutive to holders he adds. He still owns it and still likes their yield. A stable propane business with good margins. A good buy here. Yield 6.2%

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BUY

As a trade, you can play it here, buy now. Rangebound, $14 is the upper range.

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TOP PICK

New highs. Valuations are high in the market, and it's hard to get good yield in a bond portfolio. It's not expensive with a good price-earning ratio with a dividend. It's a propane franchise, and it's probably undervalued. A good roll-up story going forward. (Analysts’ price target is $14.95)

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PARTIAL SELL

Has support at $12 and resistance around $13. It will be tough to rise above $13. Sell part or all now.

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DON'T BUY

He owns the bonds, but not the stock. A low-growth business, hauling around petrochemical products. Stable, though and a safe dividend. Little capital appreciation here.

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HOLD

He owns the bonds and convertible debentures which pay an attractive 6%. Doesn't own the stocks. SPB will report a good Q2 after fixing its problems. It's returning to its 2015 levels and approaching full value. He has a $14 stock target.

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DON'T BUY

Pays a 6.1% dividend. The payout is 40%. Sales were up 5% last quarter, but earnings were down 44%, an 11% negative surprise, and earnings estimates have been chopped 18% in the last 90 days. The coming quarter is expected to see a 30% rebound in earnings. Earnings are expected to jump 70% in the coming year. Their 11% ROE is reasonable. But this ranks low in his rankings.

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TOP PICK

Good job in acquiring propane distribution companies in US, plus growing their retail distribution. Inexpensive multiple. Could comfortably move into the $13-14 range. Attractive level. Yield is 6.17%. (Analysts’ price target is $14.38)

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Showing 1 to 15 of 244 entries

Superior Plus Corp(SPB-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Superior Plus Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Superior Plus Corp(SPB-T) Frequently Asked Questions

What is Superior Plus Corp stock symbol?

Superior Plus Corp is a Canadian stock, trading under the symbol SPB-T on the Toronto Stock Exchange (SPB-CT). It is usually referred to as TSX:SPB or SPB-T

Is Superior Plus Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about SPB-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Superior Plus Corp.

Is Superior Plus Corp a good investment or a top pick?

Superior Plus Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Superior Plus Corp.

Why is Superior Plus Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Superior Plus Corp worth watching?

2 stock analysts on Stockchase covered Superior Plus Corp In the last year. It is a trending stock that is worth watching.

What is Superior Plus Corp stock price?

On 2022-01-24, Superior Plus Corp (SPB-T) stock closed at a price of $12.19.

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