Lassonde Industries (TSE:LAS.A) Given New C$270.00 Price Target at Desjardins

Lassonde Industries (TSE:LAS.A) had its target price decreased by analysts at Desjardins from C$275.00 to C$270.00 in a report issued on Monday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price objective points to a potential upside of 14.36% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus boosted their price objective on Lassonde Industries from C$280.00 to C$300.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canaccord Genuity Group dropped their target price on shares of Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, National Bank Financial lifted their price target on shares of Lassonde Industries from C$257.00 to C$264.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$274.75.

Lassonde Industries Trading Up 1.1%

LAS.A stock traded up C$2.64 during midday trading on Monday, hitting C$236.10. 291 shares of the company’s stock were exchanged, compared to its average volume of 1,828. The stock’s fifty day moving average price is C$240.41 and its 200-day moving average price is C$228.64. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. The company has a market cap of C$1.61 billion, a PE ratio of 10.43 and a beta of -0.07. Lassonde Industries has a one year low of C$202.51 and a one year high of C$272.98.

Lassonde Industries (TSE:LAS.A) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$5.94 earnings per share (EPS) for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. The company had revenue of C$713.34 million during the quarter. Research analysts predict that Lassonde Industries will post 18.99 earnings per share for the current fiscal 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.