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

Shares of Cascades Inc. (TSE:CAS) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$13.64.

A number of analysts have commented on CAS shares. Royal Bank Of Canada reduced their price objective on shares of Cascades from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Desjardins dropped their target price on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. TD cut their price target on shares of Cascades from C$14.00 to C$13.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Scotiabank reduced their price target 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. Finally, National Bank Financial decreased their price objective on shares of Cascades from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Friday, May 8th.

Insider Activity at Cascades

In other Cascades news, insider Laurent Lemaire purchased 23,302 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of C$10.52 per share, for a total transaction of C$245,137.04. Following the completion of the acquisition, the insider owned 7,837,637 shares of the company’s stock, valued at C$82,451,941.24. This represents a 0.30% increase in their position. 23.78% of the stock is currently owned by company insiders.

Cascades Price Performance

Shares of Cascades stock opened at C$11.65 on Thursday. Cascades has a 12-month low of C$8.90 and a 12-month high of C$14.20. The firm has a market capitalization of C$1.18 billion, a PE ratio of 11.65, 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. The stock’s fifty day moving average is C$10.86 and its 200-day moving average is C$11.83.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share for the quarter. The business had revenue of C$1.12 billion during the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%. Equities analysts anticipate that Cascades will post 1.2959309 earnings per share for the current year.

Cascades Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were issued a $0.12 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.1%. Cascades’s dividend payout ratio is presently 48.00%.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.