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

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RSI shares. BMO Capital Markets upped their price objective on 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. TD Securities downgraded Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price objective on the stock. in a report on Friday, November 28th. National Bank Financial lifted their price objective on Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a research note on Friday, November 28th. Finally, Scotiabank cut Rogers Sugar from a “hold” rating to a “strong sell” rating and decreased their target price 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 given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rogers Sugar currently has a consensus rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Price Performance

The company has a 50-day moving average price of C$6.18 and a two-hundred day moving average price of C$6.23. 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 company has a market cap of C$855.20 million, a PE ratio of 11.31 and a beta of 0.77.

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

Rogers Sugar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, January 14th were paid a $0.09 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.36 annualized dividend and a dividend yield of 5.4%. Rogers Sugar’s payout ratio is 61.02%.

About Rogers Sugar

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.