Desjardins Forecasts Strong Price Appreciation for Lassonde Industries (TSE:LAS.A) Stock

Lassonde Industries (TSE:LAS.A) had its price objective raised by research analysts at Desjardins from C$270.00 to C$275.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 20.87% from the stock’s current price.

Separately, National Bank Financial lifted their price target on Lassonde Industries from C$247.00 to C$258.00 and gave the stock a “sector perform” rating in a report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$271.00.

Lassonde Industries Stock Performance

Shares of LAS.A stock opened at C$227.51 on Monday. The company has a fifty day moving average price of C$227.79 and a two-hundred day moving average price of C$222.50. Lassonde Industries has a one year low of C$192.67 and a one year high of C$253.85. The stock has a market cap of C$1.55 billion, a P/E ratio of 10.37 and a beta of -0.63. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

Lassonde Industries (TSE:LAS.A) last released its quarterly earnings data on Thursday, March 26th. The company reported C$7.52 earnings per share for the quarter. The company had revenue of C$768.09 million for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. As a group, equities analysts predict that Lassonde Industries will post 18.9924731 EPS 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.