Lassonde Industries (TSE:LAS.A) Hits New 12-Month Low – Here’s What Happened

Lassonde Industries Inc (TSE:LAS.A) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$202.51 and last traded at C$202.60, with a volume of 7656 shares changing hands. The stock had previously closed at C$210.25.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LAS.A shares. Stifel Nicolaus upped their target price on shares of Lassonde Industries from C$265.00 to C$280.00 and gave the company a “buy” rating in a research note on Monday, March 30th. National Bank Financial boosted their price objective on shares of Lassonde Industries from C$247.00 to C$258.00 and gave the stock a “sector perform” rating in a report on Friday, March 6th. Finally, Desjardins upped their price objective on shares of Lassonde Industries from C$270.00 to C$275.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$271.00.

Lassonde Industries Stock Performance

The company has a fifty day moving average of C$228.03 and a two-hundred day moving average of C$224.56. The stock has a market capitalization of C$1.40 billion, a P/E ratio of 8.64 and a beta of -0.46. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

Lassonde Industries (TSE:LAS.A) last released its earnings results on Thursday, May 7th. The company reported C$5.36 EPS for the quarter. The company had revenue of C$664.05 million for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. On average, equities analysts anticipate that Lassonde Industries Inc will post 18.9924731 EPS for the current year.

Lassonde Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, February 20th. This represents a $5.00 annualized dividend and a yield of 2.4%. Lassonde Industries’s dividend payout ratio (DPR) is 19.18%.

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.