Lassonde Industries (TSE:LAS.A) Price Target Raised to C$264.00

Lassonde Industries (TSE:LAS.A) had its target price lifted by National Bank Financial from C$257.00 to C$264.00 in a report issued on Friday,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms have also recently issued reports on LAS.A. Stifel Nicolaus raised their target price on Lassonde Industries from C$280.00 to C$300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group cut their price objective on Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating for the company in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lassonde Industries has a consensus rating of “Moderate Buy” and a consensus price target of C$279.75.

Lassonde Industries Price Performance

TSE LAS.A opened at C$246.41 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. Lassonde Industries has a fifty-two week low of C$202.51 and a fifty-two week high of C$253.85. The business has a 50 day moving average price of C$238.65 and a two-hundred day moving average price of C$227.05. The stock has a market cap of C$1.68 billion, a PE ratio of 10.88 and a beta of -0.20.

Lassonde Industries (TSE:LAS.A) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$7.45 earnings per share (EPS) for the quarter. The business had revenue of C$737.69 million during the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. As a group, sell-side analysts predict that Lassonde Industries will post 18.99 EPS for the current fiscal year.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.