Cascades (TSE:CAS) Price Target Lowered to C$15.00 at Royal Bank Of Canada

Cascades (TSE:CAS) had its target price cut by Royal Bank Of Canada from C$16.00 to C$15.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. TD Securities reduced their target price on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Desjardins cut 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 report on Monday. National Bank Financial cut 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 report on Monday. Scotiabank cut their price target on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating on the stock in a report on Monday. Finally, TD cut their price target on shares of Cascades from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cascades currently has an average rating of “Moderate Buy” and an average target price of C$14.07.

Cascades Stock Performance

Cascades stock opened at C$10.56 on Thursday. The company’s 50-day moving average price is C$12.05 and its 200-day moving average price is C$12.00. Cascades has a twelve month low of C$8.30 and a twelve 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. The company has a market cap of C$1.07 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

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

Cascades Dividend Announcement

The company also recently declared 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 yield of 4.5%. The ex-dividend date was Thursday, March 12th. Cascades’s dividend payout ratio is presently 69.57%.

Key Headlines Impacting Cascades

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)

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.