Lassonde Industries (TSE:LAS.A) Sets New 1-Year High – Time to Buy?

Lassonde Industries Inc (TSE:LAS.A)’s share price reached a new 52-week high on Monday. The company traded as high as C$255.00 and last traded at C$255.00, with a volume of 2,694 shares traded. The stock had previously closed at C$252.15.

Wall Street Analyst Weigh In

LAS.A has been the subject of several recent analyst reports. National Bank Financial boosted their target price on Lassonde Industries from C$257.00 to C$264.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. Canaccord Genuity Group decreased their price target on Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, Stifel Nicolaus raised their price target on Lassonde Industries from C$280.00 to C$300.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$279.75.

Lassonde Industries Stock Performance

The company has a market capitalization of C$1.77 billion, a PE ratio of 11.48 and a beta of -0.20. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The firm’s 50-day simple moving average is C$239.40 and its 200-day simple moving average is C$227.92.

Lassonde Industries (TSE:LAS.A) last issued its earnings results on Thursday, August 6th. The company reported C$7.45 EPS for the quarter. The business had revenue of C$737.69 million for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. On average, research analysts predict that Lassonde Industries Inc will post 18.99 earnings per share 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.