National Bank Financial Equities Analysts Lift Earnings Estimates for Cascades Inc (CAS)

Cascades Inc (TSE:CAS) – Research analysts at National Bank Financial raised their FY2018 earnings per share (EPS) estimates for Cascades in a report issued on Sunday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings of $1.29 per share for the year, up from their prior estimate of $1.15. National Bank Financial has a “Outperform” rating and a $21.00 price objective on the stock. National Bank Financial also issued estimates for Cascades’ FY2019 earnings at $1.81 EPS.

Cascades (TSE:CAS) last announced its quarterly earnings data on Thursday, November 9th. The company reported C$0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.30 by C($0.10). Cascades had a net margin of 3.17% and a return on equity of 9.16%. The firm had revenue of C$1.10 billion for the quarter, compared to analysts’ expectations of C$1.16 billion.

CAS has been the topic of several other research reports. CIBC lowered their target price on shares of Cascades from C$18.00 to C$14.00 in a research note on Monday, November 13th. Desjardins cut shares of Cascades from a “buy” rating to a “hold” rating and lowered their target price for the company from C$18.00 to C$15.00 in a research note on Monday, November 13th. Scotiabank restated a “sector perform” rating and set a C$18.00 target price on shares of Cascades in a research note on Tuesday, December 5th. Finally, TD Securities upgraded shares of Cascades from a “hold” rating to a “buy” rating and upped their target price for the company from C$16.50 to C$18.00 in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$18.29.

Shares of Cascades (TSE:CAS) traded up C$0.01 during mid-day trading on Wednesday, reaching C$15.78. 23,620 shares of the company traded hands, compared to its average volume of 258,160. The stock has a market cap of $1,490.00, a P/E ratio of 3.39 and a beta of 0.07. Cascades has a one year low of C$12.20 and a one year high of C$18.20.

In other news, insider Bernard Lemaire sold 400,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of C$15.48, for a total value of C$6,192,000.00. Insiders sold a total of 519,300 shares of company stock worth $7,705,957 in the last quarter.

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About Cascades

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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