Lassonde Industries (TSE:LAS.A) Reaches New 52-Week High – What’s Next?

Lassonde Industries Inc (TSE:LAS.A) shares reached a new 52-week high during trading on Monday. The stock traded as high as C$255.00 and last traded at C$255.00, with a volume of 2,694 shares changing hands. The stock had previously closed at C$252.15.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LAS.A shares. National Bank Financial raised their price target on Lassonde Industries from C$257.00 to C$264.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. Canaccord Genuity Group decreased their price target on shares of Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Finally, Stifel Nicolaus increased their price objective on shares of Lassonde Industries from C$280.00 to C$300.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$279.75.

Lassonde Industries Stock Performance

The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The business has a 50-day simple moving average of C$239.40 and a 200-day simple moving average of C$227.92. The firm has a market capitalization of C$1.77 billion, a PE ratio of 11.48 and a beta of -0.20.

Lassonde Industries (TSE:LAS.A) last announced its earnings results on Thursday, August 6th. The company reported C$7.45 EPS for the quarter. The firm had revenue of C$737.69 million during the quarter. Lassonde Industries had a return on equity of 10.05% and a net margin of 4.31%. Equities research analysts expect that Lassonde Industries Inc will post 18.99 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.