Cascades Inc. (TSE:CAS) Receives C$12.50 Consensus Target Price from Analysts

Shares of Cascades Inc. (TSE:CAS) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$13.25.

Several brokerages recently issued reports on CAS. Scotiabank upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating and raised their target price for the company from C$12.00 to C$15.50 in a research note on Monday. CIBC raised their target price on shares of Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. TD Securities raised their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada raised their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, December 20th.

Cascades Price Performance

Shares of TSE CAS opened at C$12.91 on Friday. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -30.74, a PEG ratio of 0.56 and a beta of 0.15. The business has a 50-day moving average of C$12.16 and a 200-day moving average of C$10.70. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$14.96.

Cascades (TSE:CAS) last issued its earnings results on Thursday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.13. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, sell-side analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.48 annualized dividend and a dividend yield of 3.72%. Cascades’s dividend payout ratio is presently -114.29%.

Insider Transactions at Cascades

In other news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total transaction of C$33,900.00. Insiders own 23.78% of the company’s stock.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.