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Superior Plus Corp (SPB-T) is seen as a strong buy for income and some growth potential. The company has made a big acquisition and is expected to generate $1 billion in cash flow through organic growth over the next 4 to 5 years. Despite missing estimates, it confirmed EBITDA guidance and is expected to see a rise in EPS in 2024. The stock is currently offering a 7% yield, making it an attractive option for income investors. Analysts also project an upside potential of 23% with a price target of $13.10.
Expectation is that fall season strongest time of year for business. Share price weakness not good for momentum investors. Would wait for stock bottom before buying. $10 or $11 share price a good place to buy.
We think it is buyable for income and some growth. Results missed estimates, but it still confirmed EBITDA guidance. Based on consensus estimates. EPS is still expected to rise quite nicely in 2024. It needs to execute on this growth, but lower/peak interest rates should also help the stock, over time.
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It made a big acquisition to get cleaner fuels into the industry. It is one to watch since there has been a pullback.
Income-producing stock. Financing acquisitions with debt is not particularly great in this environment. At current price, great income stream at 6% yield. Low volatility. Brookfield's now involved, so it's a core investment for him.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The revenues were ahead of estimates by 14%. EPS was 40 cents, beating the estimated 33 cents. Q4 showed some income declines however. The acquisition plan backed by Brookfield has not changed. The dip is a buying opportunity. Unlock Premium - Try 5i Free
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
In the last year, 3 stock analysts published opinions about SPB-T. 3 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.
Superior Plus Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Superior Plus Corp.
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.
3 stock analysts on Stockchase covered Superior Plus Corp In the last year. It is a trending stock that is worth watching.
On 2024-04-26, Superior Plus Corp (SPB-T) stock closed at a price of $9.36.
It checks the boxes for what he is looking for: reasonable growth and profitability with profits being returned to shareholders through dividends and share buybacks. It has done a big acquisition and still has to chew through it. It should do $1 billion in cash flow over the next year 4 to 5 years though organic growth. Has a 7% yield. Buy 9 Hold 2 Sell 0
(Analysts’ price target is $12.95)