Superior Plus (TSE:SPB) Cut to Hold at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce lowered shares of Superior Plus (TSE:SPB) from an outperform rating to a hold rating in a research report released on Friday morning, MarketBeat reports. Canadian Imperial Bank of Commerce currently has C$8.00 price objective on the stock, down from their previous price objective of C$9.00.

Other research analysts have also issued research reports about the company. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Desjardins upped their price objective on shares of Superior Plus from C$9.00 to C$9.75 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Scotiabank lowered their target price on shares of Superior Plus from C$10.00 to C$8.50 in a research note on Monday, November 17th. Finally, National Bank Financial boosted their price target on shares of Superior Plus from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Superior Plus presently has a consensus rating of “Moderate Buy” and an average price target of C$8.66.

Superior Plus Trading Down 18.4%

Superior Plus stock opened at C$6.48 on Friday. Superior Plus has a 52-week low of C$5.85 and a 52-week high of C$8.34. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The firm has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 92.57 and a beta of 0.49. The firm has a 50-day moving average price of C$7.27 and a two-hundred day moving average price of C$7.43.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C($3.43) million for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.

Key Headlines Impacting Superior Plus

Here are the key news stories impacting Superior Plus this week:

• Positive Sentiment: TD Securities cut its price target to C$7.00 but kept a “buy” rating, signaling continued conviction in the name despite the lower target. BayStreet.CA
• Positive Sentiment: BMO Capital Markets and CIBC both set price targets of C$8.00 (roughly ~23.6% above the current price), indicating some analysts still see multi‑quarter upside even as they reduced enthusiasm. BayStreet.CA
• Neutral Sentiment: Trading volume is sharply higher today (several million shares vs ~929k average), which confirms broad investor reaction to the analyst notes and earnings but does not by itself indicate whether selling is finished or accelerating further.
• Negative Sentiment: BMO downgraded SPB from “outperform” to “market perform” and CIBC downgraded from “outperform” to “neutral” — the downgrades remove previous upside momentum and likely contributed to the rapid price decline. BayStreet.CA
• Negative Sentiment: Quarterly results: SPB reported C$0.33 EPS but showed revenue listed as C($3.43)M and thin net margins (1.8%) with modest ROE (4.2%). The mixed/tepid fundamentals likely disappointed some investors and amplified selling pressure. Press Release
• Negative Sentiment: Balance-sheet and valuation risks: SPB shows high leverage (debt-to-equity ~193) and weak liquidity ratios, while the trailing P/E is elevated — factors that increase sensitivity to weaker results and analyst downgrades.

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.