Brokerages Set Rogers Sugar Inc. (TSE:RSI) PT at C$6.15

Shares of Rogers Sugar Inc. (TSE:RSI) have received an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$6.15.

A number of research firms have recently weighed in on RSI. TD Securities upgraded Rogers Sugar from a “hold” rating to a “buy” rating and set a C$6.50 target price on the stock in a report on Tuesday, March 5th. National Bankshares set a C$6.00 target price on Rogers Sugar and gave the company a “sector perform” rating in a report on Tuesday, March 5th. Finally, Desjardins set a C$6.25 target price on Rogers Sugar and gave the company a “hold” rating in a report on Tuesday, March 5th.

Rogers Sugar Stock Down 0.2 %

Shares of TSE:RSI opened at C$5.20 on Wednesday. The business’s 50 day simple moving average is C$5.30 and its two-hundred day simple moving average is C$5.36. The firm has a market cap of C$665.18 million, a P/E ratio of 12.38 and a beta of 0.58. The company has a debt-to-equity ratio of 145.32, a quick ratio of 0.56 and a current ratio of 1.82. Rogers Sugar has a 52-week low of C$4.96 and a 52-week high of C$6.41.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.10 earnings per share (EPS) for the quarter. The business had revenue of C$288.70 million for the quarter, compared to analyst estimates of C$263.70 million. Rogers Sugar had a return on equity of 17.10% and a net margin of 4.50%. As a group, research analysts forecast that Rogers Sugar will post 0.4298755 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date was Wednesday, March 27th. Rogers Sugar’s payout ratio is 85.71%.

Insider Activity at Rogers Sugar

In other Rogers Sugar news, Director Donald Jewell purchased 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of C$5.18 per share, with a total value of C$207,200.00. In other news, Senior Officer Martin Levesque bought 20,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of C$5.17 per share, with a total value of C$103,400.00. Also, Director Donald Jewell bought 40,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of C$5.18 per share, with a total value of C$207,200.00. Over the last three months, insiders acquired 62,370 shares of company stock valued at $323,050. 0.31% of the stock is owned by insiders.

About Rogers Sugar

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.