Equities research analysts at BWS Financial upgraded shares of Imperial Sugar Co (NASDAQ: IPSU) from a “hold” rating to a “buy” rating in a research note to investors on Monday. The analysts currently have a $24.00 price target on the stock.
Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of Imperial Sugar Co from a “hold” rating to a “buy” rating in a research note to investors on Thursday, May 12nd. They now have a $18.00 price target on the stock. Also, analysts at Zacks Investment Research upgraded shares of Imperial Sugar Co from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, March 21st.
Shares of Imperial Sugar Co traded up 3.73% during mid-day trading on Tuesday, hitting $16.42. Imperial Sugar Co has a 52 week low of $9.50 and a 52 week high of $16.77. The stock’s 50-day moving average is $13.26 and its 200-day moving average is $12.84. The company has a market cap of $201.4 million.
Imperial Sugar Co last announced its quarterly results on Tuesday, May 10th. The company reported $0.34 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.22) EPS by $0.56. During the same quarter in the prior year, the company posted ($2.82) earnings per share. The company’s quarterly revenue was down 8.00% on a year-over-year basis. On average, analysts predict that Imperial Sugar Co will post $0.19 EPS next quarter.
Imperial Sugar Company is engaged in processing and marketing of refined sugar in the United States. The Company refine, package and distribute sugar at facilities located in Georgia and Louisiana. In addition, through joint venture operations the Company markets sugar and other sweeteners in Mexico and Canada. The Company offers a range of product line and sells to a range of customers directly and indirectly through wholesalers and distributors. The Company’s customers include retailers, restaurant chains, distributors and industrial customers, principally food manufacturers. The Company’s products include granulated, powdered, liquid and brown sugars marketed in a range of packaging options (six oz shakers to 50-pound bags and in bulk) under a range of brands (Dixie Crystals, Holly Imperial and Wholesome Sweeteners) or private labels. In addition, the Company produces selected specialty sugar products.
