Cascades Inc. (TSE:CAS) Given Average Recommendation of “Moderate Buy” by Brokerages

Cascades Inc. (TSE:CAS) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$14.58.

Several research firms have weighed in on CAS. TD Securities increased their price objective on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th. Scotiabank increased their target price on shares of Cascades from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. National Bank Financial increased their price target on Cascades from C$12.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th.

Cascades Stock Down 3.1%

CAS opened at C$12.32 on Friday. The stock has a market cap of C$1.25 billion, a PE ratio of 61.60, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13. The stock’s fifty day simple moving average is C$13.07 and its 200 day simple moving average is C$11.61. Cascades has a 1-year low of C$8.30 and a 1-year high of C$14.20. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37.

Cascades (TSE:CAS) last announced its earnings results on Thursday, February 26th. The company reported C$0.40 EPS for the quarter. The business had revenue of C$1.20 billion during the quarter. Cascades had a negative net margin of 1.62% and a negative return on equity of 4.35%. As a group, research analysts expect that Cascades will post 1.2959309 earnings per share for the current year.

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.