Cascades Inc (CAS) to Post FY2019 Earnings of $1.83 Per Share, National Bank Financial Forecasts
Cascades Inc (TSE:CAS) – Investment analysts at National Bank Financial issued their FY2019 earnings estimates for Cascades in a report issued on Thursday. National Bank Financial analyst L. Aghazarian expects that the company will post earnings of $1.83 per share for the year. National Bank Financial currently has a “Outperform” rating and a $21.00 price target on the stock.
A number of other equities analysts also recently issued reports on the company. Ci Capital increased their price objective on Cascades from C$17.00 to C$19.00 in a report on Tuesday, July 4th. Desjardins decreased their price objective on Cascades from C$17.50 to C$16.00 in a report on Friday, August 11th. TD Securities decreased their price objective on Cascades from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Friday, August 11th. CIBC downgraded Cascades from an “outperform” rating to a “neutral” rating in a report on Monday, September 25th. Finally, Royal Bank Of Canada decreased their price objective on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Thursday, August 17th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$17.57.
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Shares of Cascades (CAS) opened at 16.14 on Monday. The stock has a market cap of $1.53 billion and a PE ratio of 3.09. Cascades has a 52-week low of $10.95 and a 52-week high of $18.20. The stock’s 50 day moving average is $15.22 and its 200 day moving average is $15.79.
Cascades Company Profile
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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