Desjardins Issues Positive Forecast for Lassonde Industries (TSE:LAS.A) Stock Price

Lassonde Industries (TSE:LAS.A) had its price target upped by Desjardins from C$270.00 to C$275.00 in a report issued on Monday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

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

Lassonde Industries Stock Up 2.6%

Shares of TSE LAS.A opened at C$235.00 on Monday. The firm has a market cap of C$1.60 billion, a P/E ratio of 10.71 and a beta of -0.63. 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 1 year low of C$192.67 and a 1 year high of C$253.85. The firm’s 50 day moving average price is C$227.70 and its 200 day moving average price is C$222.43.

Lassonde Industries (TSE:LAS.A) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$7.52 earnings per share 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. As a group, sell-side analysts anticipate that Lassonde Industries will post 18.9924731 earnings per share for the current year.

Lassonde Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 20th. Lassonde Industries’s dividend payout ratio is currently 20.05%.

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.