Lassonde Industries (TSE:LAS.A) Sets New 52-Week High – Here’s What Happened

Lassonde Industries Inc (TSE:LAS.A)’s share price hit a new 52-week high on Monday . The company traded as high as C$245.68 and last traded at C$245.68, with a volume of 2591 shares changing hands. The stock had previously closed at C$227.92.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Lassonde Industries from C$255.00 to C$265.00 in a research report on Monday, November 10th. National Bankshares set a C$237.00 target price on Lassonde Industries and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Three 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, the stock has an average rating of “Moderate Buy” and an average target price of C$249.25.

Lassonde Industries Price Performance

The firm has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 16.28 and a beta of -0.65. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The company’s fifty day moving average is C$218.01 and its two-hundred day moving average is C$216.64.

Lassonde Industries (TSE:LAS.A) last issued its earnings results on Thursday, November 6th. The company reported C$5.40 EPS for the quarter. The company had revenue of C$723.85 million during the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. Equities research analysts anticipate that Lassonde Industries Inc will post 18.9924731 earnings per share 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.