Rogers Sugar (TSE:RSI) Rating Increased to Hold at TD Securities

TD Securities upgraded shares of Rogers Sugar (TSE:RSI – Free Report) to a hold rating in a research note released on Monday,Zacks.com reports.

Separately, Scotiabank lowered Rogers Sugar from a “hold” rating to a “strong sell” rating and decreased their target price for the company from C$6.50 to C$6.00 in a research report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$6.90.

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Read Our Latest Analysis on RSI

Rogers Sugar Trading Up 0.2%

Shares of Rogers Sugar stock opened at C$6.66 on Monday. Rogers Sugar has a 1 year low of C$5.52 and a 1 year high of C$6.80. The firm has a market cap of C$854.25 million, a PE ratio of 12.57 and a beta of 0.78. The stock has a fifty day moving average price of C$6.58 and a 200-day moving average price of C$6.33. The company has a debt-to-equity ratio of 88.50, a current ratio of 2.22 and a quick ratio of 0.56.

Rogers Sugar (TSE:RSI – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. Rogers Sugar had a return on equity of 14.94% and a net margin of 5.58%.The firm had revenue of C$280.62 million during the quarter. Equities research analysts anticipate that Rogers Sugar will post 0.5597668 EPS for the current year.

Rogers Sugar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.09 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 5.4%. Rogers Sugar’s payout ratio is presently 67.92%.

Rogers Sugar Company Profile

(Get Free Report)

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.

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