FY2017 EPS Estimates for Cascades Inc (CAS) Increased by National Bank Financial
Cascades Inc (TSE:CAS) – Equities research analysts at National Bank Financial increased their FY2017 earnings estimates for Cascades in a research report issued to clients and investors on Monday. National Bank Financial analyst L. Aghazarian now anticipates that the brokerage will earn $1.00 per share for the year, up from their previous forecast of $0.83. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
CAS has been the topic of a number of other reports. Dundee Securities boosted their price target on Cascades from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Wednesday, June 1st. Desjardins reissued a “hold” rating on shares of Cascades in a research report on Friday, September 16th. Royal Bank Of Canada reissued a “sector underperform” rating and issued a C$8.00 price target on shares of Cascades in a research report on Monday, August 22nd. Scotiabank reissued an “outperform” rating and issued a C$12.50 price target on shares of Cascades in a research report on Monday, August 8th. Finally, TD Securities boosted their price target on Cascades from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$11.50.
Shares of Cascades (TSE:CAS) traded up 2.10% during midday trading on Thursday, hitting $12.18. The company had a trading volume of 146,743 shares. The firm’s 50 day moving average is $10.30 and its 200 day moving average is $9.47. The company has a market capitalization of $1.15 billion and a P/E ratio of 20.61. Cascades has a 52 week low of $7.72 and a 52 week high of $13.65.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, September 2nd were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.16 dividend on an annualized basis and a yield of 1.34%.
Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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