National Bank Financial Cuts Lassonde Industries (TSE:LAS.A) Price Target to C$257.00

Lassonde Industries (TSE:LAS.A) had its price objective reduced by National Bank Financial from C$260.00 to C$257.00 in a report issued on Monday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Lassonde Industries Stock Up 0.5%

Shares of Lassonde Industries stock opened at C$237.00 on Monday. 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 firm has a market cap of C$1.62 billion, a P/E ratio of 10.47 and a beta of -0.20. Lassonde Industries has a fifty-two week low of C$202.51 and a fifty-two week high of C$253.85. The business has a 50-day moving average price of C$217.76 and a 200 day moving average price of C$223.34.

Lassonde Industries (TSE:LAS.A) last released 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%. On average, sell-side analysts forecast that Lassonde Industries will post 18.9924731 earnings per share for the current fiscal year.

Lassonde Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, May 20th. This represents a $5.00 annualized dividend and a yield of 2.1%. Lassonde Industries’s dividend payout ratio (DPR) is 20.76%.

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.