Lassonde Industries (TSE:LAS.A) Given New C$280.00 Price Target at Stifel Nicolaus

Lassonde Industries (TSE:LAS.A) had its price objective lifted by Stifel Nicolaus from C$265.00 to C$280.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research firms also recently commented on LAS.A. National Bank Financial increased their price objective on shares of Lassonde Industries from C$247.00 to C$258.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. Desjardins lifted their price objective on Lassonde Industries from C$270.00 to C$275.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Lassonde Industries presently has a consensus rating of “Moderate Buy” and an average target price of C$271.00.

Lassonde Industries Stock Performance

Shares of TSE:LAS.A opened at C$235.00 on Monday. 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 has a 1 year low of C$192.67 and a 1 year high of C$253.85. The firm has a market capitalization of C$1.60 billion, a PE ratio of 10.71 and a beta of -0.63. The business’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 posted its quarterly earnings data 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 firm had revenue of C$768.09 million during the quarter. As a group, equities research analysts expect that Lassonde Industries will post 18.9924731 earnings per share for the current fiscal year.

Lassonde Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend 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.