Cascades (TSE:CAS) Shares Down 3.9% – Should You Sell?

Cascades Inc. (TSE:CAS)’s stock price dropped 3.9% during mid-day trading on Thursday . The company traded as low as C$12.21 and last traded at C$12.30. Approximately 91,738 shares were traded during trading, a decline of 60% from the average daily volume of 226,883 shares. The stock had previously closed at C$12.80.

Wall Street Analyst Weigh In

CAS has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Friday, December 20th. Scotiabank raised shares of Cascades from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from C$12.00 to C$15.50 in a report on Monday, January 27th. TD Securities boosted their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, CIBC increased their target price on shares of Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.25.

Cascades Price Performance

The firm’s 50-day moving average is C$12.34 and its 200-day moving average is C$11.07. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37. The company has a market capitalization of C$1.16 billion, a PE ratio of -15.43, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15.

Cascades Company Profile

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.