National Bankshares Issues Positive Forecast for Cascades (TSE:CAS) Stock Price

Cascades (TSE:CAS) had its target price hoisted by National Bankshares from C$12.00 to C$15.00 in a research note released on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. TD Securities upped their target price on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Royal Bank Of Canada boosted their price objective on shares of Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. CIBC raised their target price on shares of Cascades from C$12.00 to C$13.00 in a report on Monday, November 10th. Desjardins lifted their target price on shares of Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, Scotiabank increased their price target on Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Cascades has a consensus rating of “Moderate Buy” and a consensus price target of C$14.58.

Cascades Stock Performance

Shares of CAS opened at C$12.93 on Monday. The business’s fifty day simple moving average is C$12.67 and its two-hundred day simple moving average is C$11.11. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. Cascades has a 12 month low of C$8.30 and a 12 month high of C$13.94. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of 64.65, a P/E/G ratio of 0.56 and a beta of 1.15.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share for the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%.The firm had revenue of C$1.24 billion during the quarter. Research analysts anticipate that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.7%. Cascades’s payout ratio is presently 240.00%.

Insider Activity at Cascades

In related news, insider J�R�Me Porlier sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of C$12.49, for a total value of C$49,960.00. Following the transaction, the insider directly owned 24,467 shares of the company’s stock, valued at approximately C$305,592.83. This trade represents a 14.05% decrease in their position. 23.78% of the stock is owned by company insiders.

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. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.