Rogers Sugar (TSE:RSI) Stock Price Crosses Above 200 Day Moving Average of $5.48

Rogers Sugar Inc. (TSE:RSI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.48 and traded as high as C$5.76. Rogers Sugar shares last traded at C$5.58, with a volume of 241,599 shares.

Analyst Ratings Changes

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

Rogers Sugar Price Performance

The company has a market cap of C$713.79 million, a P/E ratio of 12.98 and a beta of 0.58. The company has a fifty day simple moving average of C$5.61 and a 200-day simple moving average of C$5.48. The company has a debt-to-equity ratio of 91.14, a current ratio of 2.12 and a quick ratio of 0.56.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.11 by C$0.06. The company had revenue of C$300.94 million for the quarter, compared to analysts’ expectations of C$303.80 million. Rogers Sugar had a return on equity of 15.14% and a net margin of 4.64%. On average, sell-side analysts predict that Rogers Sugar Inc. will post 0.5297347 earnings per share for the current year.

Rogers Sugar Dividend Announcement

The business also recently declared 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 is Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 6.45%. Rogers Sugar’s dividend payout ratio is currently 83.72%.

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.