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

Lassonde Industries Inc (TSE:LAS.A) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$223.51 and traded as low as C$213.50. Lassonde Industries shares last traded at C$213.50, with a volume of 980 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LAS.A. Desjardins boosted their target price on shares of Lassonde Industries from C$270.00 to C$275.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Stifel Nicolaus boosted their price target on Lassonde Industries from C$265.00 to C$280.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Finally, National Bank Financial upped their target price on Lassonde Industries from C$247.00 to C$258.00 and gave the company a “sector perform” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Lassonde Industries currently has an average rating of “Moderate Buy” and an average target price of C$271.00.

Lassonde Industries Price Performance

The firm’s fifty day moving average is C$218.28 and its 200-day moving average is C$223.44. The company has a market capitalization of C$1.46 billion, a P/E ratio of 9.00 and a beta of -0.22. 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 (TSE:LAS.A) last released its quarterly earnings data on Thursday, May 7th. The company reported C$5.36 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$664.04 million for the quarter. As a group, equities research analysts predict that Lassonde Industries Inc will post 18.9924731 EPS for the current year.

Lassonde Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, May 20th. Lassonde Industries’s dividend payout ratio is 19.18%.

About Lassonde Industries

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.