Cascades (TSE:CAS) Price Target Lowered to C$14.00 at TD

Cascades (TSE:CAS) had its price target decreased by TD from C$15.00 to C$14.00 in a report published on Thursday,BayStreet.CA reports. TD currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Scotiabank reduced their price target on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a research report on Monday. National Bank Financial reduced their price target on shares of Cascades from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a research report on Monday. Desjardins dropped their target price on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a report on Monday. Finally, TD Securities cut their target price on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$14.07.

Cascades Price Performance

Shares of CAS opened at C$10.56 on Thursday. The company has a market capitalization of C$1.07 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 112.96. The firm has a 50 day moving average of C$12.05 and a 200 day moving average of C$12.00. Cascades has a twelve month low of C$8.30 and a twelve month high of C$14.20.

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

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, March 12th. Cascades’s payout ratio is 69.57%.

Cascades News Roundup

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: RBC lowered its price target to C$15 but kept an “Outperform” rating, still implying substantial upside from the current price. RBC lowers PT to C$15 (BayStreet.CA)
• Positive Sentiment: TD reduced its target to C$14 but maintained a “Buy” rating — also implying significant upside from current levels. TD lowers PT to C$14 (BayStreet.CA)TD note (TickerReport)
• Positive Sentiment: National Bank Financial also trimmed its target to C$14 — coverage remains positive relative to the current share price. NBF lowers PT to C$14 (AmericanBankingNews)
• Neutral Sentiment: Multiple weather stories reporting heavy spring snow across the Cascades (region) — including local forecasts and winter‑storm warnings — are likely geographic coincidence and not company news; they may cause localized transport delays but are unlikely to be material to Cascades Inc.’s overall operations. MSN weatherHoodlineKING5Yahoo
• Negative Sentiment: The declines in price targets (RBC, TD, NBF) — even though ratings remain Buy/Outperform — are a negative near‑term signal and can exert selling pressure as investors re‑price near‑term expectations. Analyst notes (BayStreet.CA)NBF note (AmericanBankingNews)

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.