Lassonde Industries (TSE:LAS.A) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Lassonde Industries Inc (TSE:LAS.A)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$219.97 and traded as high as C$219.97. Lassonde Industries shares last traded at C$217.20, with a volume of 391 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LAS.A shares. National Bankshares set a C$237.00 price objective on Lassonde Industries and gave the stock a “sector perform” rating in a report on Thursday, October 16th. Stifel Nicolaus raised their price target on shares of Lassonde Industries from C$255.00 to C$265.00 in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$249.25.

Lassonde Industries Price Performance

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 company has a market cap of C$1.48 billion, a PE ratio of 12.06 and a beta of -0.57. The company has a 50-day moving average price of C$219.97 and a two-hundred day moving average price of C$217.55.

Lassonde Industries (TSE:LAS.A) last released its quarterly earnings results on Thursday, November 6th. The company reported C$5.40 EPS for the quarter. The firm had revenue of C$723.85 million for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. Sell-side analysts expect that Lassonde Industries Inc will post 18.9924731 earnings per share for the current fiscal year.

About Lassonde Industries

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.