Cascades Inc. (TSE:CAS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cascades Inc. (TSE:CAS) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$14.75.

A number of analysts have recently commented on CAS shares. TD Securities dropped their price target on Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Scotiabank raised their price objective on Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 27th. National Bank Financial lifted their price objective on Cascades from C$12.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada boosted 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.

Cascades Stock Up 0.3%

TSE:CAS opened at C$11.65 on Tuesday. The company has a debt-to-equity ratio of 112.96, a current ratio of 1.43 and a quick ratio of 0.86. The firm’s 50-day moving average price is C$12.61 and its 200-day moving average price is C$11.88. The company has a market capitalization of C$1.18 billion, a PE ratio of 16.88, a P/E/G ratio of 0.56 and a beta of 1.09. Cascades has a 1-year low of C$8.30 and a 1-year high of C$14.20.

Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.40 EPS for the quarter. The business had revenue of C$1.20 billion for the quarter. Cascades had a net margin of 1.47% and a return on equity of 4.11%. On average, equities analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Cascades Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 12th. Cascades’s payout ratio is currently 69.57%.

About Cascades

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.