Cascades (TSE:CAS) Price Target Cut to C$14.50 by Analysts at Scotiabank

Cascades (TSE:CAS) had its price target trimmed by Scotiabank from C$16.75 to C$14.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada upped their target price 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. TD Securities decreased their price target on shares of 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. Desjardins decreased their price target on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research note on Monday. Finally, National Bank Financial decreased their price target on shares of Cascades from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cascades presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.25.

Cascades Stock Up 0.6%

Shares of CAS stock opened at C$10.75 on Monday. The company has a debt-to-equity ratio of 112.96, a quick ratio of 0.86 and a current ratio of 1.43. The firm’s 50-day moving average is C$12.20 and its 200-day moving average is C$12.01. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.56 and a beta of 0.99. Cascades has a 52-week low of C$8.30 and a 52-week high of C$14.20.

Cascades (TSE:CAS) last issued 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 for the quarter. Cascades had a net margin of 1.47% and a return on equity of 4.11%. Sell-side analysts predict that Cascades will post 1.2959309 EPS for the current year.

Cascades Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders 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 4.5%. The ex-dividend date was Thursday, March 12th. Cascades’s dividend payout ratio is presently 69.57%.

Cascades News Summary

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.