Rogers Sugar Inc. (TSE:RSI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Rogers Sugar Inc. (TSE:RSI) have received an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Four research 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 covered the stock in the last year is C$6.15.

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

Rogers Sugar Stock Up 0.2 %

RSI opened at C$5.19 on Wednesday. Rogers Sugar has a fifty-two week low of C$4.96 and a fifty-two week high of C$6.41. The company has a debt-to-equity ratio of 145.32, a quick ratio of 0.56 and a current ratio of 1.82. The company has a market capitalization of C$663.90 million, a P/E ratio of 12.36 and a beta of 0.58. The stock has a fifty day moving average of C$5.33 and a 200-day moving average of C$5.37.

Rogers Sugar (TSE:RSI) last posted its earnings results on Thursday, February 8th. The company reported C$0.10 earnings per share for the quarter. Rogers Sugar had a return on equity of 17.10% and a net margin of 4.50%. The company had revenue of C$288.70 million during the quarter, compared to the consensus estimate of C$263.70 million. On average, equities analysts expect that Rogers Sugar will post 0.4298755 EPS for the current year.

Rogers Sugar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend was Wednesday, March 27th. Rogers Sugar’s payout ratio is currently 85.71%.

Insider Buying and Selling

In other Rogers Sugar news, Director Donald Jewell bought 40,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of C$5.18 per share, for a total transaction of C$207,200.00. In other Rogers Sugar news, Senior Officer Martin Levesque bought 20,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of C$5.17 per share, for a total transaction 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 acquired at an average price of C$5.18 per share, for a total transaction of C$207,200.00. Over the last quarter, insiders have purchased 62,370 shares of company stock worth $323,050. Company insiders own 0.31% of the company’s stock.

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.