Lassonde Industries (TSE:LAS.A) Price Target Raised to C$280.00

Lassonde Industries (TSE:LAS.A) had its target price raised by Stifel Nicolaus from C$265.00 to C$280.00 in a report issued on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. National Bank Financial upped their price target on shares of Lassonde Industries from C$247.00 to C$258.00 and gave the stock a “sector perform” rating in a report on Friday, March 6th. Desjardins lifted their price objective on shares of Lassonde Industries from C$270.00 to C$275.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$271.00.

Lassonde Industries Price Performance

Shares of LAS.A stock opened at C$237.00 on Monday. The stock has a 50 day moving average price of C$228.05 and a 200 day moving average price of C$222.60. Lassonde Industries has a 52-week low of C$192.67 and a 52-week high of C$253.85. 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 firm has a market capitalization of C$1.62 billion, a P/E ratio of 10.80 and a beta of -0.63.

Lassonde Industries (TSE:LAS.A) last announced its quarterly earnings data on Thursday, March 26th. The company reported C$7.52 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$768.09 million for the quarter. As a group, sell-side analysts predict that Lassonde Industries will post 18.9924731 earnings per share for the current year.

Lassonde Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. Lassonde Industries’s payout ratio is 20.05%.

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.