Cascades (TSE:CAS) Price Target Cut to C$13.00 by Analysts at Desjardins

Cascades (TSE:CAS) had its price objective decreased by Desjardins from C$15.00 to C$13.00 in a research report released on Monday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

A number of other research firms have also issued reports on CAS. Scotiabank increased their target price on Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. TD Securities reduced their target price on Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a report on Friday, February 27th. Royal Bank Of Canada increased their target price on Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, National Bank Financial increased their target price on Cascades from C$12.00 to C$15.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$14.25.

Cascades Price Performance

CAS opened at C$10.75 on Monday. The stock has a fifty day moving average of C$12.20 and a 200-day moving average of C$12.01. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 15.58, a PEG ratio of 0.56 and a beta of 0.99. Cascades has a 12-month low of C$8.30 and a 12-month high of C$14.20. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 112.96.

Cascades (TSE:CAS) last released its earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter. The company 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%. Equities analysts forecast that Cascades will post 1.2959309 EPS for the current fiscal year.

Cascades Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, March 12th. Cascades’s dividend payout ratio (DPR) is currently 69.57%.

Key Cascades News

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: Scotiabank lowered its price target to C$14.50 from C$16.75 but maintained an “outperform” rating, implying continued confidence and a material upside to the current share price. Scotiabank note
• Neutral Sentiment: Multiple media outlets issued winter‑storm watches/warnings for the Cascades mountain range (possible heavy snow and gusty winds). These are geographic weather stories and not about Cascades Inc.; they should have little to no direct impact on CAS’s fundamentals. The News Tribune Yahoo OregonLive
• Negative Sentiment: Desjardins trimmed its price target from C$15.00 to C$13.00 and kept a “hold” rating — a downward revision that can weigh on sentiment. BayStreet.CA
• Negative Sentiment: National Bank Financial reduced its target to C$14.00 from C$15.00 and maintained a “sector perform” rating — another modest cut that may temper near‑term upside expectations. BayStreet.CA

About Cascades

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.