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

Shares of Cascades Inc. (TSE:CAS) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$13.64.

A number of equities research analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a research report on Monday, April 13th. TD Securities reduced their target price on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Desjardins reduced their target price on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada reduced their target price on shares of Cascades from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Finally, TD reduced their target price on shares of Cascades from C$14.00 to C$13.00 and set a “buy” rating for the company in a research report on Friday, May 8th.

Insider Transactions at Cascades

In other news, insider Laurent Lemaire acquired 23,302 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of C$10.52 per share, for a total transaction of C$245,137.04. Following the completion of the transaction, the insider owned 7,837,637 shares in the company, valued at approximately C$82,451,941.24. This trade represents a 0.30% increase in their ownership of the stock. Insiders own 23.78% of the company’s stock.

Cascades Price Performance

Shares of TSE CAS opened at C$10.74 on Friday. The firm has a 50-day simple moving average of C$10.85 and a 200-day simple moving average of C$11.98. The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.53 and a debt-to-equity ratio of 113.03. Cascades has a 52 week low of C$8.80 and a 52 week high of C$14.20.

Cascades (TSE:CAS) last issued its earnings results on Thursday, May 7th. The company reported C$0.07 EPS for the quarter. The business had revenue of C$1.13 billion during the quarter. Cascades had a net margin of 2.15% and a return on equity of 5.95%. On average, equities analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.5%. The ex-dividend date was Thursday, May 21st. Cascades’s dividend payout ratio (DPR) is presently 48.00%.

Cascades Company Profile

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.