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

Rogers Sugar Inc. (TSE:RSI)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$6.84 and last traded at C$6.82, with a volume of 70180 shares. The stock had previously closed at C$6.77.

Analysts Set New Price Targets

RSI has been the subject of several recent analyst reports. TD Securities upgraded Rogers Sugar to a “hold” rating in a research report on Monday, May 11th. Scotiabank cut Rogers Sugar from a “hold” rating to a “strong sell” rating and reduced their target price for the stock from C$6.50 to C$6.00 in a research report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Price Performance

The business has a fifty day moving average price of C$6.60 and a 200-day moving average price of C$6.37. The company has a current ratio of 2.22, a quick ratio of 0.56 and a debt-to-equity ratio of 88.50. The stock has a market capitalization of C$877.34 million, a PE ratio of 12.91 and a beta of 0.78.

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

Rogers Sugar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, March 27th. Rogers Sugar’s dividend payout ratio is presently 67.92%.

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.