Lassonde Industries (TSE:LAS.A) Given New C$285.00 Price Target at Stifel Nicolaus

Lassonde Industries (TSE:LAS.A) had its target price dropped by equities researchers at Stifel Nicolaus from C$300.00 to C$285.00 in a research note issued on Monday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target would suggest a potential upside of 20.71% from the company’s previous close.

A number of other brokerages have also commented on LAS.A. Desjardins decreased their price objective on Lassonde Industries from C$275.00 to C$270.00 and set a “buy” rating on the stock in a report on Monday. National Bank Financial lifted their target price on Lassonde Industries from C$257.00 to C$264.00 and gave the stock a “sector perform” rating in a report on Friday, October 23rd. Finally, Canaccord Genuity Group reduced their target price on shares of Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Lassonde Industries has an average rating of “Moderate Buy” and a consensus price target of C$274.75.

Lassonde Industries Stock Performance

Shares of TSE:LAS.A traded up C$2.64 during trading on Monday, reaching C$236.10. 291 shares of the stock were exchanged, compared to its average volume of 1,828. Lassonde Industries has a 12 month low of C$202.51 and a 12 month high of C$272.98. The stock has a 50-day moving average price of C$240.41 and a 200-day moving average price of C$228.64. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The firm has a market cap of C$1.61 billion, a PE ratio of 10.43 and a beta of -0.07.

Lassonde Industries (TSE:LAS.A) last announced its earnings results on Thursday, November 5th. The company reported C$5.94 earnings per share for the quarter. The company had revenue of C$713.34 million for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. Research analysts expect that Lassonde Industries 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.