Cascades Inc. (TSE:CAS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Cascades Inc. (TSE:CAS) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation 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$16.50.

CAS has been the subject of a number of recent research reports. 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 target price on shares of 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 increased 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 report on Monday, August 10th. TD increased 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. Finally, Scotia raised their price target on shares of Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a research report on Friday, August 14th.

Insider Transactions at Cascades

In related news, insider Jérôme Nadeau sold 5,234 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total value of C$90,548.20. Following the completion of the transaction, the insider owned 21,997 shares of the company’s stock, valued at approximately C$380,548.10. This represents a 19.22% decrease in their position. Also, insider Allan Hogg sold 17,684 shares of the 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 value of C$309,470.00. Following the transaction, the insider owned 112,056 shares in the company, valued at C$1,960,980. This represents a 13.63% decrease in their position. 23.78% of the stock is owned by company insiders.

Cascades Stock Up 3.0%

Cascades stock opened at C$17.03 on Tuesday. The business’s 50-day simple moving average is C$15.60 and its two-hundred day simple moving average is C$12.69. The company has a debt-to-equity ratio of 111.08, a quick ratio of 0.86 and a current ratio of 1.48. The company has a market cap of C$1.73 billion, a PE ratio of 13.73, a PEG ratio of 0.56 and a beta of 1.22. Cascades has a fifty-two week low of C$9.35 and a fifty-two week high of C$17.97.

Cascades (TSE:CAS) last announced its quarterly earnings data 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 during the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%. Equities analysts anticipate that Cascades will post 1.2959309 EPS for the current year.

Cascades Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 20th. Cascades’s dividend payout ratio is presently 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.