Lassonde Industries (TSE:LAS.A) Stock Gets Price Target Cut from Stifel Nicolaus

Lassonde Industries (TSE:LAS.A) had its price objective trimmed by Stifel Nicolaus from C$300.00 to C$285.00 in a research note issued to investors on Monday morning,BayStreet reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Desjardins reduced 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. Canaccord Genuity Group lowered their target price on Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating for the company in a report on Monday, August 10th. Finally, National Bank Financial increased their price target on Lassonde Industries from C$257.00 to C$264.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$274.75.

Lassonde Industries Stock Performance

Shares of TSE:LAS.A opened at C$225.94 on Monday. The firm’s 50 day simple moving average is C$239.98 and its 200-day simple moving average is C$228.76. 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 has a one year low of C$202.51 and a one year high of C$272.98. The firm has a market cap of C$1.54 billion, a PE ratio of 9.98 and a beta of -0.07.

Lassonde Industries (TSE:LAS.A) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$5.94 earnings per share (EPS) for the quarter. The firm had revenue of C$713.34 million during the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. As a group, equities analysts predict that Lassonde Industries will post 18.99 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.