Lassonde Industries (TSE:LAS.A – Get Free Report) had its price target cut by analysts at National Bank Financial from C$260.00 to C$257.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 12.47% from the stock’s previous close.
Lassonde Industries Stock Performance
TSE:LAS.A traded down C$1.50 during trading hours on Monday, hitting C$228.50. 1,663 shares of the company traded hands, compared to its average volume of 1,813. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. Lassonde Industries has a twelve month low of C$202.51 and a twelve month high of C$253.85. The firm has a 50-day moving average of C$217.02 and a 200 day moving average of C$223.13. The stock has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 9.63 and a beta of -0.20.
Lassonde Industries (TSE:LAS.A – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$7.45 earnings per share (EPS) for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The company had revenue of C$737.69 million for the quarter. On average, analysts forecast that Lassonde Industries will post 18.9924731 EPS for the current year.
About Lassonde Industries
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.
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