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

Shares of Rogers Sugar Inc. (TSE:RSI) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$7.01 and last traded at C$6.99, with a volume of 106240 shares. The stock had previously closed at C$6.94.

Analysts Set New Price Targets

Separately, TD Securities raised Rogers Sugar to a “hold” rating in a research note 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 stock. According to MarketBeat.com, Rogers Sugar currently has a consensus rating of “Hold” and an average price target of C$6.90.

Rogers Sugar Price Performance

The stock’s 50 day simple moving average is C$6.78 and its two-hundred day simple moving average is C$6.53. The stock has a market cap of C$897.86 million, a price-to-earnings ratio of 13.21 and a beta of 0.70. The company has a debt-to-equity ratio of 88.50, a current ratio of 2.22 and a quick ratio of 0.56.

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

Rogers Sugar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, June 26th. Rogers Sugar’s payout ratio is presently 67.92%.

Insiders Place Their Bets

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

About Rogers Sugar

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.