Lassonde Industries (TSE:LAS.A) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Lassonde Industries shares rose above their 50-day moving average of C$233.07, trading as high as C$237.37 before last changing hands at C$231.53.
• Analyst sentiment remains positive overall: three analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average target price of C$278.00.
• The company reported quarterly revenue of C$737.69 million and EPS of C$7.45, with a 10.05% return on equity and 4.31% net margin; its market capitalization is approximately C$1.58 billion.

Shares of Lassonde Industries Inc (TSE:LAS.A - Get Free Report) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$233.07 and traded as high as C$237.37. Lassonde Industries shares last traded at C$231.53, with a volume of 538 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LAS.A. Stifel Nicolaus raised their price target on Lassonde Industries from C$280.00 to C$300.00 and gave the company a "buy" rating in a report on Monday, August 10th. National Bank Financial cut their target price on shares of Lassonde Industries from C$260.00 to C$257.00 and set a "sector perform" rating for the company in a research note on Monday, August 10th. Finally, Canaccord Genuity Group reduced their target price on shares of Lassonde Industries from C$290.00 to C$280.00 and set a "buy" rating for the company in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Lassonde Industries presently has an average rating of "Moderate Buy" and an average target price of C$278.00.

Lassonde Industries Stock Performance

The company has a fifty day moving average of C$233.07 and a two-hundred day moving average of C$225.55. The firm has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 10.23 and a beta of -0.10. 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 (TSE:LAS.A - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$7.45 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$737.69 million for the quarter. As a group, equities research analysts predict that Lassonde Industries Inc 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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