Lassonde Industries (TSE:LAS.A) Stock Breaks Below 200 Day Moving Average – What’s Next?

Lassonde Industries Inc (TSE:LAS.A) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$228.76 and traded as low as C$220.51. Lassonde Industries shares last traded at C$225.94, with a volume of 4,685 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LAS.A shares. National Bank Financial increased their target price on shares of Lassonde Industries from C$257.00 to C$264.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. Canaccord Genuity Group dropped their target price on Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Stifel Nicolaus dropped their price objective on Lassonde Industries from C$300.00 to C$285.00 and set a “buy” rating on the stock in a report on Monday. Finally, Desjardins decreased their price target on Lassonde Industries from C$275.00 to C$270.00 and set a “buy” rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Lassonde Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of C$274.75.

Lassonde Industries Stock Down 1.3%

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 stock has a 50-day moving average of C$239.98 and a two-hundred day moving average of C$228.76. The company has a market cap of C$1.54 billion, a P/E ratio of 9.98 and a beta of -0.07.

Lassonde Industries (TSE:LAS.A) last released its earnings results on Thursday, November 5th. The company reported C$5.94 earnings per share 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. On average, research analysts anticipate that Lassonde Industries Inc will post 18.99 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.