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

Cascades Inc. (TSE:CAS) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$14.75.

Several brokerages recently weighed in on CAS. Royal Bank Of Canada raised their price objective on shares of Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. National Bank Financial boosted their target price on shares of Cascades from C$12.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. TD Securities dropped their price target on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Scotiabank raised their price target on shares of Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th.

Cascades Stock Performance

Shares of TSE CAS opened at C$11.43 on Tuesday. The company has a debt-to-equity ratio of 112.96, a current ratio of 1.43 and a quick ratio of 0.86. Cascades has a one year low of C$8.30 and a one year high of C$14.20. The business’s 50-day moving average price is C$12.76 and its two-hundred day moving average price is C$11.85. The company has a market capitalization of C$1.16 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$1.20 billion during the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%. Analysts anticipate that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, March 12th. Cascades’s dividend payout ratio is presently 69.57%.

About Cascades

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.