Cascades (TSE:CAS) Price Target Raised to C$19.00

Cascades (TSE:CAS) had its price target upped by Desjardins from C$13.00 to C$19.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research firms also recently weighed in on CAS. TD boosted their target price on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Scotiabank reduced their price target on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada lifted their price target on Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, National Bank Financial lowered their price objective on Cascades from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$15.93.

Cascades Stock Up 1.4%

CAS stock opened at C$17.32 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08. The firm has a 50 day simple moving average of C$12.48 and a 200-day simple moving average of C$11.97. The company has a market capitalization of C$1.76 billion, a P/E ratio of 13.97, a PEG ratio of 0.56 and a beta of 1.04. Cascades has a twelve month low of C$9.35 and a twelve month high of C$17.53.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm had revenue of C$1.22 billion for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. On average, equities research analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.48 annualized dividend and a yield of 2.8%. Cascades’s dividend payout ratio (DPR) is 38.71%.

About Cascades

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.