Rogers Sugar (TSE:RSI) Hits New 52-Week High – Still a Buy?

Shares of Rogers Sugar Inc. (TSE:RSI) 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. The stock had previously closed at C$6.68.

Analyst Upgrades and Downgrades

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

Rogers Sugar Price Performance

The company has a quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 92.00. The business’s 50-day simple moving average is C$6.43 and its 200 day simple moving average is C$6.28. The firm 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 results on Thursday, February 5th. The company reported C$0.19 EPS for the quarter. Rogers Sugar had a net margin of 6.00% and a return on equity of 16.98%. The firm had revenue of C$298.19 million for the quarter. Sell-side analysts forecast that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current year.

Rogers Sugar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, March 27th. Rogers Sugar’s dividend payout ratio (DPR) is presently 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.