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

Lassonde Industries (TSE:LAS.A) had its target price upped by Desjardins from C$270.00 to C$275.00 in a report released on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Separately, National Bank Financial increased their price objective on shares of Lassonde Industries from C$247.00 to C$258.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$271.00.

Lassonde Industries Trading Up 4.2%

Shares of TSE:LAS.A opened at C$237.00 on Monday. The stock has a 50 day moving average of C$228.05 and a 200 day moving average of C$222.60. The company has a market cap of C$1.62 billion, a PE ratio of 10.80 and a beta of -0.63. 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 has a 12-month low of C$192.67 and a 12-month high of C$253.85.

Lassonde Industries (TSE:LAS.A) last released its earnings results on Thursday, March 26th. The company reported C$7.52 earnings per share (EPS) for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The company had revenue of C$768.09 million during the quarter. As a group, equities research analysts expect that Lassonde Industries will post 18.9924731 EPS for the current year.

Lassonde Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were given a dividend of $1.25 per share. The ex-dividend date was Friday, February 20th. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. Lassonde Industries’s dividend payout ratio (DPR) is currently 20.05%.

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.