Snyder's-Lance, Inc. (NASDAQ:LNCE) Given Price Target Of $38


As per Snyder's-Lance, Inc. (NASDAQ:LNCE)’s news release on 2016-05-11, its shareholders will get cash dividend of $0.16 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-19 and 2016-05-27, respectively.

The stock of Snyder's-Lance, Inc. (NASDAQ:LNCE) will commence trading ex-dividend from 2016-05-17, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Snyder's-Lance, Inc. (NASDAQ:LNCE) disbursed $0.64 in dividend compared to distribution of $0.64, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

The past track record of five years substantiates that the average payout of Snyder's-Lance, Inc. (NASDAQ:LNCE) stands at $0.64, implying -31.9633% growth. The company recorded earnings of $0.27 a share in the preceding fiscal.

The interim price target for Snyder's-Lance, Inc. (NASDAQ:LNCE) is set at $38. This level is the mean price reached by averaging the stock views of 6 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $40 and the lowest level is established at 31. This broad range highlights a standard deviation of $3.521 in reported estimates.

AlphaOne has allotted A sentiment score of 0 to Snyder's-Lance, Inc. (NASDAQ:LNCE) while impact score assigned is 50 as on as on 2016-07-14.

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