Rogers Sugar (TSE:RSI) Reaches New 52-Week High – What’s Next?

Rogers Sugar Inc. (TSE:RSI)’s share price reached a new 52-week high during trading on Monday . The stock 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 Ratings Changes

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

Rogers Sugar Stock Up 1.5%

The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The stock’s fifty day simple moving average is C$6.18 and its 200-day simple moving average is C$6.23. The stock has a market cap of C$855.20 million, a P/E ratio of 11.31 and a beta of 0.77.

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

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, January 14th were given a $0.09 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.36 annualized dividend and a yield of 5.4%. Rogers Sugar’s dividend payout ratio (DPR) is currently 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.