Rogers Sugar (TSE:RSI) Reaches New 12-Month High – Should You Buy?

Rogers Sugar Inc. (TSE:RSI) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$6.87 and last traded at C$6.86, with a volume of 213499 shares trading hands. The stock had previously closed at C$6.79.

Analysts Set New Price Targets

Separately, TD Securities raised shares of Rogers Sugar to a “hold” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$6.90.

Rogers Sugar Stock Up 1.3%

The company’s fifty day moving average is C$6.62 and its 200-day moving average is C$6.40. The company has a market capitalization of C$882.47 million, a PE ratio of 12.98 and a beta of 0.71. The company has a debt-to-equity ratio of 88.50, a quick ratio of 0.56 and a current ratio of 2.22.

Rogers Sugar (TSE:RSI) last released its earnings results on Thursday, May 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$280.62 million during the quarter. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. As a group, analysts predict that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, March 27th. Rogers Sugar’s payout ratio is presently 67.92%.

Insider Activity at Rogers Sugar

In other news, insider Michael Walton sold 18,400 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of C$6.82, for a total value of C$125,488.00. Following the transaction, the insider directly owned 212,747 shares in the company, valued at C$1,450,934.54. The trade was a 7.96% decrease in their ownership of the stock. Insiders sold 58,000 shares of company stock valued at $395,419 in the last quarter. 0.28% of the stock is owned by insiders.

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.