Brokerages Set Cascades Inc. (TSE:CAS) Target Price at C$14.75

Shares of Cascades Inc. (TSE:CAS) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$14.75.

CAS has been the topic of several analyst reports. Scotiabank lifted their target price on Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada increased their price target on Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. TD Securities dropped their price objective on Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, National Bank Financial lifted their price objective on shares of Cascades from C$12.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd.

Cascades Trading Down 0.4%

CAS opened at C$11.62 on Tuesday. Cascades has a fifty-two week low of C$8.30 and a fifty-two week high of C$14.20. The firm has a market capitalization of C$1.18 billion, a PE ratio of 16.84, a P/E/G ratio of 0.56 and a beta of 1.09. The company has a debt-to-equity ratio of 112.96, a current ratio of 1.43 and a quick ratio of 0.86. The company’s 50-day moving average is C$12.64 and its 200 day moving average is C$11.86.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$1.20 billion during the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%. As a group, research analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 12th. Cascades’s dividend payout ratio (DPR) is presently 69.57%.

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.