Rogers Sugar (TSE:RSI) Hits New 12-Month High – Time to Buy?

Rogers Sugar Inc. (TSE:RSI) shares reached a new 52-week high during trading on Monday . The company traded as high as C$6.70 and last traded at C$6.70, with a volume of 69158 shares changing hands. The stock had previously closed at C$6.68.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RSI. BMO Capital Markets increased 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 target price for the company. in a report on Friday, November 28th. National Bank Financial raised their price target on 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. Finally, Scotiabank cut shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and cut their price target for the company from C$6.50 to C$6.00 in a report on Friday, February 6th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Trading Up 0.3%

The company has a debt-to-equity ratio of 92.00, a current ratio of 2.20 and a quick ratio of 0.56. The stock’s 50 day moving average is C$6.43 and its 200-day moving average is C$6.28. The company has a market capitalization of C$859.05 million, a P/E ratio of 11.36 and a beta of 0.89.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.19 earnings per share for the quarter. Rogers Sugar had a return on equity of 16.98% and a net margin of 6.00%.The business had revenue of C$298.19 million for the quarter. As a group, equities 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 5.4%. Rogers Sugar’s payout ratio 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.