Shares of Lassonde Industries Inc (TSE:LAS.A - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$215.30 and traded as low as C$208.60. Lassonde Industries shares last traded at C$208.60, with a volume of 1,773 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on LAS.A shares. Desjardins upgraded shares of Lassonde Industries from a "hold" rating to a "buy" rating and increased their target price for the stock from C$205.00 to C$255.00 in a report on Monday, March 31st. Stifel Nicolaus boosted their price objective on Lassonde Industries from C$243.00 to C$250.00 in a research report on Monday, May 12th. National Bankshares raised their target price on shares of Lassonde Industries from C$213.00 to C$223.00 and gave the stock a "sector perform" rating in a report on Monday, March 31st. Finally, Canaccord Genuity Group lifted their price target on shares of Lassonde Industries from C$225.00 to C$240.00 and gave the company a "buy" rating in a research note on Monday, March 31st.
View Our Latest Research Report on LAS.A
Lassonde Industries Stock Down 1.2%
The stock has a fifty day moving average price of C$216.08 and a two-hundred day moving average price of C$199.30. The company has a market cap of C$685.93 million, a price-to-earnings ratio of 14.85 and a beta of -0.15. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.
Lassonde Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were paid a $1.10 dividend. This is a boost from Lassonde Industries's previous quarterly dividend of $0.70. The ex-dividend date was Wednesday, May 21st. This represents a $4.40 annualized dividend and a yield of 1.97%. Lassonde Industries's payout ratio is 26.58%.
About Lassonde Industries
(
Get Free Report)
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.
Read More
Before you consider Lassonde Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lassonde Industries wasn't on the list.
While Lassonde Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
