Scotiabank Downgrades Rogers Sugar (TSE:RSI) to Underperform

Rogers Sugar (TSE:RSI) was downgraded by Scotiabank from a “sector perform” rating to an “underperform” rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a C$6.00 price target on the stock, down from their prior price target of C$6.50. Scotiabank’s price objective indicates a potential downside of 5.06% from the company’s previous close.

Several other equities analysts also recently commented on the stock. National Bankshares upped their price target on shares of Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, November 28th. BMO Capital Markets upped their target price on Rogers Sugar from C$6.50 to C$7.00 and gave the company a “market perform” rating in a research note on Friday, November 28th. Finally, TD Securities downgraded Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price target on the stock. in a report on Friday, November 28th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$6.90.

Rogers Sugar Trading Down 3.8%

Shares of TSE RSI traded down C$0.25 during trading hours on Friday, hitting C$6.32. 538,489 shares of the company traded hands, compared to its average volume of 343,850. The company’s 50 day moving average price is C$6.06 and its 200 day moving average price is C$6.15. Rogers Sugar has a 12 month low of C$5.22 and a 12 month high of C$6.67. The stock has a market capitalization of C$810.11 million, a price-to-earnings ratio of 12.90 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.19 EPS for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. The company had revenue of C$298.19 million during the quarter. On average, equities research analysts anticipate that Rogers Sugar will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.