Cascades Inc. (TSE:CAS) Given Average Recommendation of “Moderate Buy” by Brokerages

Cascades Inc. (TSE:CASGet Free Report) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$13.50.

A number of equities research analysts recently commented on CAS shares. Desjardins lifted their price objective on Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a research note on Friday, November 7th. Royal Bank Of Canada raised their target price on Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. CIBC boosted their target price on Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th. TD Securities increased their price target on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Scotiabank lifted their price objective on shares of Cascades from C$12.00 to C$13.50 in a research note on Monday, November 10th.

View Our Latest Analysis on Cascades

Insider Activity

In related news, insider J�R�Me Porlier sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of C$12.49, for a total value of C$49,960.00. Following the completion of the sale, the insider owned 24,467 shares in the company, valued at C$305,592.83. This represents a 14.05% decrease in their position. 23.78% of the stock is owned by company insiders.

Cascades Trading Up 0.1%

Shares of TSE CAS opened at C$12.66 on Thursday. Cascades has a fifty-two week low of C$8.30 and a fifty-two week high of C$13.42. The firm has a market capitalization of C$1.28 billion, a P/E ratio of 63.30, a P/E/G ratio of 0.56 and a beta of 1.15. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86. The company’s 50 day simple moving average is C$12.25 and its 200 day simple moving average is C$10.58.

Cascades (TSE:CASGet Free Report) last released its earnings results on Thursday, November 6th. The company reported C$0.38 EPS for the quarter. The firm had revenue of C$1.24 billion during the quarter. Cascades had a negative net margin of 1.62% and a negative return on equity of 4.35%. On average, analysts predict that Cascades will post 1.2959309 EPS for the current year.

Cascades Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, November 20th. Cascades’s dividend payout ratio (DPR) is currently 240.00%.

Cascades News Roundup

Here are the key news stories impacting Cascades this week:

Cascades Company Profile

(Get Free Report)

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.

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Analyst Recommendations for Cascades (TSE:CAS)

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