Cascades (TSE:CAS) Insider Sells C$309,470.00 in Stock

Cascades Inc. (TSE:CAS) insider Allan Hogg sold 17,684 shares of Cascades stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total transaction of C$309,470.00. Following the completion of the sale, the insider directly owned 112,056 shares in the company, valued at C$1,960,980. This trade represents a 13.63% decrease in their position.

Cascades Price Performance

Cascades stock opened at C$17.52 on Friday. The company has a market cap of C$1.78 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.56 and a beta of 1.04. The business’s 50 day simple moving average is C$13.43 and its 200 day simple moving average is C$12.19. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08. Cascades Inc. has a 12 month low of C$9.35 and a 12 month high of C$17.97.

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

Cascades Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. Cascades’s dividend payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CAS shares. TD upped their price target on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada raised their price objective on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday, August 10th. National Bank Financial boosted their price target on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, Desjardins raised their price target on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Cascades presently has an average rating of “Moderate Buy” and an average target price of C$16.50.

Key Stories Impacting Cascades

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: Higher FY2027 earnings forecast: Scotiabank raised its earnings estimate for Cascades to C$1.34 per share from C$1.19, above the current consensus estimate of C$1.30. The increase suggests expectations for stronger profitability and is a positive catalyst for CAS.
• Positive Sentiment: Broadly favorable analyst outlook: Recent broker actions include Scotia raising its price target to C$20.50 and CIBC upgrading the stock to “strong buy.” Cascades has a consensus rating of “Moderate Buy,” although the average target of C$16.50 is below recent trading levels. This supports the stock’s rise but also signals that some upside may already be priced in.
• Positive Sentiment: Dividend supports shareholder returns: Cascades declared a quarterly dividend of C$0.12 per share, equivalent to C$0.48 annually and a yield of approximately 2.8%. The payout ratio of 38.71% suggests the dividend is reasonably covered by earnings.
• Neutral Sentiment: Other headlines are unrelated: Reports about a Cascades trainset and wildfire smoke east of the Cascades mountain range do not appear to concern Cascades Inc.’s operations or financial outlook.
• Negative Sentiment: Insider selling may weigh on sentiment: Director Allan Hogg sold 17,684 shares for approximately C$309,470, while insider Jérôme Nadeau sold 5,234 shares for about C$90,548. The transactions reduced their holdings by 13.63% and 19.22%, respectively, though both continue to own shares. Cascades insider selling report

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.