Cascades (TSE:CAS) Price Target Lowered to C$14.00 at National Bankshares

Cascades (TSE:CAS – Get Rating) had its target price cut by National Bankshares from C$18.00 to C$14.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 42.57% from the stock’s current price.

A number of other equities analysts have also weighed in on CAS. BMO Capital Markets lowered their price objective on shares of Cascades from C$20.00 to C$17.00 in a research report on Friday. National Bank Financial decreased their target price on shares of Cascades to C$19.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 1st. Desjardins lowered shares of Cascades from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$16.00 to C$12.50 in a research report on Tuesday, February 1st. TD Securities decreased their target price on shares of Cascades from C$14.00 to C$10.50 and set a “hold” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of Cascades from C$17.00 to C$15.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$15.44.

Shares of CAS opened at C$9.82 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 79.14. The firm has a market cap of C$989.39 million and a PE ratio of 6.18. The company’s 50 day simple moving average is C$12.78 and its 200-day simple moving average is C$13.32. Cascades has a 12-month low of C$9.08 and a 12-month high of C$16.45.

Cascades (TSE:CAS – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported C($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.22) by C$0.13. The firm had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$982.00 million. As a group, equities research analysts forecast that Cascades will post 1.43 EPS for the current fiscal year.

Cascades Company Profile (Get Rating)

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It manufactures containerboards, as well as converts corrugated products. The company also offers uncoated recycled paperboards for use in packaging converters and industrial users of headers and wrappers for the paper industry, as well as partitions that are used as protective packaging; honeycomb paperboards for the beer, wine, and spirits industry; laminated paperboards for food packaging and furniture backing industries; and specialty containers, structural components, and paperboard and fiber composites.

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