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

Rogers Sugar (TSE:RSI) was upgraded by research analysts at TD Securities to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Scotiabank lowered shares of 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 note on Friday, February 6th. One investment 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’s stock. According to data from MarketBeat, Rogers Sugar currently has an average rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Price Performance

RSI stock opened at C$6.66 on Monday. The firm has a 50 day moving average price of C$6.58 and a 200-day moving average price of C$6.33. Rogers Sugar has a 52-week low of C$5.52 and a 52-week high of C$6.80. The firm has a market capitalization of C$854.25 million, a price-to-earnings ratio of 12.57 and a beta of 0.78. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 earnings per share for the quarter. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. The company had revenue of C$280.62 million during the quarter. Equities research analysts forecast that Rogers Sugar will post 0.5597668 EPS for the current fiscal year.

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.