Rogers Sugar (TSE:RSI) Stock Passes Above Two Hundred Day Moving Average of $5.44

Rogers Sugar Inc. (TSE:RSIGet Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.44 and traded as high as C$5.84. Rogers Sugar shares last traded at C$5.78, with a volume of 109,027 shares.

Analyst Ratings Changes

Several research firms recently weighed in on RSI. TD Securities upped their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, May 10th. BMO Capital Markets upped their price objective on 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. Scotiabank upped their price objective on Rogers Sugar from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a research note on Monday, May 13th. National Bankshares upped their price objective on Rogers Sugar from C$6.00 to C$6.25 and gave the company a “sector perform” rating in a research note on Monday, May 13th. Finally, Desjardins raised Rogers Sugar from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$6.60.

View Our Latest Research Report on Rogers Sugar

Rogers Sugar Stock Down 0.5 %

The stock has a 50 day moving average of C$5.44 and a 200-day moving average of C$5.44. The firm has a market capitalization of C$739.38 million, a P/E ratio of 13.44 and a beta of 0.58. The company has a debt-to-equity ratio of 91.14, a quick ratio of 0.56 and a current ratio of 2.12.

Rogers Sugar (TSE:RSIGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported C$0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.06. The business had revenue of C$300.94 million during the quarter, compared to analyst estimates of C$303.80 million. Rogers Sugar had a return on equity of 15.14% and a net margin of 4.64%. Research analysts predict that Rogers Sugar Inc. will post 0.5297347 earnings per share for the current fiscal year.

Rogers Sugar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Friday, June 28th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 6.23%. Rogers Sugar’s dividend payout ratio (DPR) is 83.72%.

Rogers Sugar Company Profile

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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.

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