Lassonde Industries (TSE:LAS.A) Price Target Raised to C$275.00

Key Points

• Desjardins raised its price target to C$275 (from C$270) and maintains a "buy" rating, which implies about a 16.74% upside from the prior close.
• National Bank Financial also lifted its target to C$258 and assigned a "sector perform" rating; overall analyst coverage shows 3 Buys and 1 Hold with a consensus "Moderate Buy" rating and a consensus price target of C$263.25.
• Shares traded at C$235.57 on the latest session; Lassonde has a market cap of C$1.61 billion, a P/E of 13.08, and reported quarterly EPS of C$7.52 on revenue of C$768.09 million.

Lassonde Industries (TSE:LAS.A - Get Free Report) had its price objective upped by research analysts at Desjardins from C$270.00 to C$275.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price points to a potential upside of 16.74% from the company's previous close.

Separately, 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 note on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$263.25.

Lassonde Industries Price Performance

LAS.A stock traded up C$6.57 during trading on Monday, reaching C$235.57. The company's stock had a trading volume of 3,495 shares, compared to its average volume of 2,359. Lassonde Industries has a 1 year low of C$192.67 and a 1 year high of C$253.85. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The company has a market capitalization of C$1.61 billion, a P/E ratio of 13.08 and a beta of -0.63. The company's fifty day moving average is C$227.47 and its 200-day moving average is C$222.31.

Lassonde Industries (TSE:LAS.A - Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported C$7.52 EPS for the quarter. The business had revenue of C$768.09 million for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. On average, research analysts expect that Lassonde Industries will post 18.9924731 earnings per share 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.

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