Lassonde Industries (TSE:LAS.A) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Lassonde Industries (TSE:LAS.A) had its price objective hoisted by analysts at Stifel Nicolaus from C$280.00 to C$300.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 31.29% from the company’s previous close.

Separately, National Bank Financial reduced their target price on shares of Lassonde Industries from C$260.00 to C$257.00 and set a “sector perform” rating for the company in a report on Monday. Three equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of C$278.00.

Lassonde Industries Stock Down 0.7%

Lassonde Industries stock traded down C$1.50 during midday trading on Monday, reaching C$228.50. The stock had a trading volume of 1,663 shares, compared to its average volume of 1,813. The stock has a market capitalization of C$1.56 billion, a P/E ratio of 9.63 and a beta of -0.20. The firm’s fifty day simple moving average is C$217.02 and its 200-day simple moving average is C$223.13. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. Lassonde Industries has a 1-year low of C$202.51 and a 1-year high of C$253.85.

Lassonde Industries (TSE:LAS.A) last released its quarterly earnings results on Thursday, August 6th. The company reported C$7.45 earnings per share for the quarter. The firm had revenue of C$737.69 million during the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. As a group, analysts expect that Lassonde Industries will post 18.9924731 EPS for the current fiscal 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.