Stifel Nicolaus Increases Lassonde Industries (TSE:LAS.A) Price Target to C$280.00

Lassonde Industries (TSE:LAS.A) had its target price boosted by stock analysts at Stifel Nicolaus from C$265.00 to C$280.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 23.07% from the stock’s previous close.

A number of other research analysts have also recently issued reports on LAS.A. National Bank Financial lifted 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. Desjardins increased their target price on shares of Lassonde Industries from C$270.00 to C$275.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$271.00.

Lassonde Industries Trading Down 3.2%

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

Lassonde Industries (TSE:LAS.A) last posted its quarterly earnings results on Thursday, March 26th. The company reported C$7.52 EPS 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$768.09 million during the quarter. Equities analysts predict that Lassonde Industries will post 18.9924731 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.