Brokerages Set Cascades Inc. (TSE:CAS) Target Price at C$13.92

Shares of Cascades Inc. (TSE:CAS) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$14.58.

A number of analysts have issued reports on the company. Scotiabank lifted their price objective on Cascades from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. National Bankshares raised their target price on shares of Cascades from C$12.00 to C$15.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce boosted their price target on shares of Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th. TD Securities increased 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 report on Friday, November 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th.

Cascades Stock Up 1.3%

Shares of CAS stock opened at C$13.38 on Monday. The stock has a market cap of C$1.35 billion, a P/E ratio of 66.90, a PEG ratio of 0.56 and a beta of 1.13. Cascades has a 52 week low of C$8.30 and a 52 week high of C$13.94. 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’s fifty day simple moving average is C$12.72 and its two-hundred day simple moving average is C$11.22.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 earnings per share for the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%.The firm had revenue of C$1.24 billion during the quarter. Analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Cascades Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, November 20th. Cascades’s payout ratio is presently 240.00%.

Insider Transactions at Cascades

In other news, insider J�R�Me Porlier sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of C$12.49, for a total value of C$49,960.00. Following the completion of the sale, the insider directly owned 24,467 shares of the company’s stock, valued at C$305,592.83. This trade represents a 14.05% decrease in their position. 23.78% of the stock is currently owned by company insiders.

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.