Lassonde Industries (TSE:LAS.A) Price Target Raised to C$300.00

Lassonde Industries (TSE:LAS.A) had its target price upped by Stifel Nicolaus from C$280.00 to C$300.00 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, National Bank Financial dropped their target price on Lassonde Industries from C$260.00 to C$257.00 and set a “sector perform” rating on the stock in a report on Monday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lassonde Industries currently has an average rating of “Moderate Buy” and an average target price of C$278.00.

Lassonde Industries Stock Up 0.5%

LAS.A stock opened at C$237.00 on Monday. The firm’s 50-day moving average is C$217.76 and its two-hundred day moving average is C$223.34. The company has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 10.47 and a beta of -0.20. Lassonde Industries has a 52 week low of C$202.51 and a 52 week high of C$253.85. 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 (TSE:LAS.A) last posted its quarterly earnings data 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 business had revenue of C$737.69 million during the quarter. On average, analysts forecast that Lassonde Industries will post 18.9924731 earnings per share for the current fiscal year.

Lassonde Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Lassonde Industries’s payout ratio is presently 20.76%.

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.