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

Shares of Rogers Sugar Inc. (TSE:RSI) have been assigned an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$6.15.

Several analysts have issued reports on the stock. Desjardins set a C$6.25 price target on shares of Rogers Sugar and gave the company a “hold” rating in a report on Tuesday, March 5th. TD Securities raised shares of Rogers Sugar from a “hold” rating to a “buy” rating and set a C$6.50 price target on the stock in a report on Tuesday, March 5th. Finally, National Bankshares set a C$6.00 price target on shares of Rogers Sugar and gave the company a “sector perform” rating in a report on Tuesday, March 5th.

Rogers Sugar Stock Up 0.2 %

RSI stock opened at C$5.19 on Wednesday. The company has a market cap of C$663.90 million, a P/E ratio of 12.36 and a beta of 0.58. Rogers Sugar has a 52 week low of C$4.96 and a 52 week high of C$6.41. The company’s 50-day moving average price is C$5.33 and its 200 day moving average price is C$5.37. The company has a current ratio of 1.82, a quick ratio of 0.56 and a debt-to-equity ratio of 145.32.

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

Rogers Sugar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 6.94%. Rogers Sugar’s dividend payout ratio is currently 85.71%.

Insiders Place Their Bets

In other news, Director Donald Jewell bought 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of C$5.18 per share, for a total transaction of C$207,200.00. In related news, Senior Officer Martin Levesque acquired 20,000 shares of Rogers Sugar stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of C$5.17 per share, for a total transaction of C$103,400.00. Also, Director Donald Jewell acquired 40,000 shares of Rogers Sugar stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of C$5.18 per share, for a total transaction of C$207,200.00. Insiders acquired a total of 62,370 shares of company stock worth $323,050 over the last ninety days. 0.31% of the stock is owned by company 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.