Brokerages Set Rogers Sugar Inc. (TSE:RSI) Price Target at C$6.60

Shares of Rogers Sugar Inc. (TSE:RSI) have earned a consensus rating of “Hold” from the four research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$6.60.

Several equities analysts recently weighed in on the company. Scotiabank increased their target price on Rogers Sugar from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. National Bankshares raised their target price on shares of Rogers Sugar from C$6.00 to C$6.25 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. TD Securities increased their price target on shares of Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, May 10th. BMO Capital Markets boosted their price objective on shares of Rogers Sugar from C$6.00 to C$7.00 and gave the company a “market perform” rating in a research note on Monday, May 13th. Finally, Desjardins upgraded Rogers Sugar from a “hold” rating to a “moderate buy” rating in a report on Friday, May 10th.

Rogers Sugar Trading Up 1.3 %

Shares of RSI opened at C$5.60 on Monday. The company has a debt-to-equity ratio of 91.14, a current ratio of 2.12 and a quick ratio of 0.56. Rogers Sugar has a 1-year low of C$4.96 and a 1-year high of C$5.98. The stock has a market cap of C$716.35 million, a price-to-earnings ratio of 13.02 and a beta of 0.58. The firm has a 50 day simple moving average of C$5.68 and a 200-day simple moving average of C$5.49.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.17 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.06. Rogers Sugar had a return on equity of 15.14% and a net margin of 4.64%. The firm had revenue of C$300.94 million during the quarter, compared to analysts’ expectations of C$303.80 million. Equities analysts forecast that Rogers Sugar will post 0.5297347 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Friday, June 28th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Friday, June 28th. Rogers Sugar’s payout ratio is currently 83.72%.

Rogers Sugar Company Profile

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.