Rogers Sugar (TSE:RSI) Hits New 1-Year High – What’s Next?

Rogers Sugar Inc. (TSE:RSI)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.69 and last traded at C$6.68, with a volume of 121033 shares changing hands. The stock had previously closed at C$6.57.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on Rogers Sugar from C$6.50 to C$7.00 and gave the company a “market perform” rating in a research report on Friday, November 28th. National Bank Financial raised their price target on shares of Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, November 28th. TD Securities downgraded shares of Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 target price for the company. in a research note on Friday, November 28th. Finally, Scotiabank lowered shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and cut their price target for the stock from C$6.50 to C$6.00 in a report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Stock Performance

The firm has a market capitalization of C$846.23 million, a PE ratio of 11.19 and a beta of 0.77. The firm’s 50 day moving average price is C$6.22 and its 200-day moving average price is C$6.24. The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.56 and a current ratio of 1.39.

Rogers Sugar (TSE:RSI) last released its quarterly earnings results on Thursday, February 5th. The company reported C$0.19 earnings per share for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. The firm had revenue of C$298.19 million during the quarter. On average, research analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Wednesday, December 24th. Rogers Sugar’s payout ratio is 61.02%.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.