Rogers Sugar (TSE:RSI) Reaches New 12-Month High – Still a Buy?

Shares of Rogers Sugar Inc. (TSE:RSI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.99 and last traded at C$6.93, with a volume of 185862 shares traded. The stock had previously closed at C$6.93.

Analysts Set New Price Targets

Separately, TD Securities upgraded Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$6.90.

Rogers Sugar Price Performance

The stock’s fifty day moving average price is C$6.64 and its 200-day moving average price is C$6.42. The company has a debt-to-equity ratio of 88.50, a quick ratio of 0.56 and a current ratio of 2.22. The firm has a market cap of C$895.30 million, a PE ratio of 13.17 and a beta of 0.71.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$280.62 million during the quarter. Rogers Sugar had a net margin of 5.58% and a return on equity of 14.94%. As a group, equities analysts forecast that Rogers Sugar Inc. will post 0.5597668 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, June 26th. Rogers Sugar’s dividend payout ratio (DPR) is presently 67.92%.

Insider Activity at Rogers Sugar

In related news, insider Michael Walton sold 14,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of C$6.81, for a total value of C$96,021.00. Following the sale, the insider owned 246,647 shares in the company, valued at C$1,679,666.07. This represents a 5.41% decrease in their position. Over the last 90 days, insiders sold 58,000 shares of company stock worth $395,419. 0.28% of the stock is owned by insiders.

About Rogers Sugar

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.