National Bank Financial Forecasts Strong Price Appreciation for Lassonde Industries (TSE:LAS.A) Stock

Lassonde Industries (TSE:LAS.A) had its price objective boosted by equities research analysts at National Bank Financial from C$257.00 to C$264.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 6.03% from the stock’s previous close.

LAS.A has been the subject of a number of other reports. Canaccord Genuity Group decreased their target price on Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Stifel Nicolaus increased their price target on Lassonde Industries from C$280.00 to C$300.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of C$279.75.

Lassonde Industries Trading Up 2.0%

Shares of Lassonde Industries stock traded up C$4.80 on Friday, hitting C$248.99. 2,229 shares of the company traded hands, compared to its average volume of 1,823. 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 company has a market cap of C$1.70 billion, a PE ratio of 11.00 and a beta of -0.20. The stock’s 50 day moving average price is C$238.46 and its 200-day moving average price is C$226.94. Lassonde Industries has a 52 week low of C$202.51 and a 52 week high of C$253.85.

Lassonde Industries (TSE:LAS.A) last announced 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 return on equity of 10.05% and a net margin of 4.31%. The company had revenue of C$737.69 million for the quarter. Equities research analysts predict that Lassonde Industries will post 18.99 EPS for the current year.

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.