Lassonde Industries (TSE:LAS.A) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Lassonde Industries Inc (TSE:LAS.A)’s share price crossed 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on LAS.A shares. 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. Canaccord Genuity Group reduced their target price on 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. Finally, National Bank Financial decreased their target price on shares of Lassonde Industries from C$260.00 to C$257.00 and set a “sector perform” rating on the stock in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$278.00.

Lassonde Industries Stock Down 0.1%

The firm has a 50 day moving average of C$233.46 and a two-hundred day moving average of C$225.64. The stock has a market capitalization of C$1.60 billion, a PE ratio of 10.38 and a beta of -0.10. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88.

Lassonde Industries (TSE:LAS.A) last posted its earnings results on Thursday, August 6th. The company reported C$7.45 EPS for the quarter. The company had revenue of C$737.69 million for the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. Equities research analysts anticipate that Lassonde Industries Inc will post 18.9924731 earnings per share for the current year.

About Lassonde Industries

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.