Cascades Inc. (TSE:CAS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Cascades Inc. (TSE:CAS) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$13.17.

A number of equities research analysts recently commented on CAS shares. Desjardins increased their target price on shares of Cascades from C$10.50 to C$13.50 and gave the company a “hold” rating in a research report on Friday, November 7th. Royal Bank Of Canada upped their price target on Cascades from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. TD Securities increased their price objective on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 7th. Scotiabank boosted their target price on Cascades from C$12.00 to C$13.50 in a research note on Monday, November 10th. Finally, CIBC upped their target price on Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th.

Cascades Stock Performance

CAS stock opened at C$12.59 on Wednesday. The firm has a market cap of C$1.27 billion, a price-to-earnings ratio of 62.95, a PEG ratio of 0.56 and a beta of 0.87. Cascades has a twelve month low of C$8.30 and a twelve month high of C$13.42. The business’s fifty day simple moving average is C$10.59 and its two-hundred day simple moving average is C$9.72. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37.

Cascades (TSE:CAS) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.29 EPS for the quarter. The company had revenue of C$1.24 billion for the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%. Analysts predict that Cascades will post 1.2959309 earnings per share for the current year.

Cascades Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.8%. Cascades’s dividend payout ratio is currently 240.00%.

Insiders Place Their Bets

In other news, insider J�R�Me Porlier sold 4,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of C$12.49, for a total value of C$49,960.00. Following the sale, the insider owned 24,467 shares in the company, valued at C$305,592.83. This represents a 14.05% decrease in their ownership of the stock. Company insiders own 23.78% of the company’s stock.

Cascades Company Profile

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.