Lassonde Industries (TSE:LAS.A – Get Free Report) had its price objective cut by National Bank Financial from C$260.00 to C$257.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 12.47% from the stock’s current price.
Lassonde Industries Price Performance
Shares of Lassonde Industries stock traded down C$1.50 during trading on Monday, hitting C$228.50. 1,663 shares of the company’s stock traded hands, compared to its average volume of 1,813. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The firm’s fifty day moving average price is C$217.02 and its 200 day moving average price is C$223.13. Lassonde Industries has a twelve month low of C$202.51 and a twelve month high of C$253.85. The company has a market cap of C$1.56 billion, a PE ratio of 9.63 and a beta of -0.20.
Lassonde Industries (TSE:LAS.A – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$7.45 EPS for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The firm had revenue of C$737.69 million during the quarter. Analysts forecast that Lassonde Industries will post 18.9924731 earnings per share for the current 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.
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