TD Securities Has Lowered Expectations for Cascades (TSE:CAS) Stock Price

Cascades (TSE:CAS) had its target price dropped by stock analysts at TD Securities from C$16.00 to C$15.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 24.69% from the company’s current price.

Other equities research analysts have also issued reports about the company. Scotiabank upped their price target on Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce boosted their price objective on Cascades from C$12.00 to C$13.00 in a research note on Monday, November 10th. National Bank Financial raised their target price on Cascades from C$12.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Desjardins lifted their price target on Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada upped their price objective 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.75.

Cascades Price Performance

Shares of TSE CAS opened at C$12.03 on Friday. The business has a 50-day simple moving average of C$13.06 and a two-hundred day simple moving average of C$11.64. The company has a market cap of C$1.22 billion, a PE ratio of 60.15, a P/E/G ratio of 0.56 and a beta of 1.13. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. Cascades has a fifty-two week low of C$8.30 and a fifty-two week high of C$14.20.

Cascades (TSE:CAS) last announced its quarterly earnings data 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 negative net margin of 1.62% and a negative return on equity of 4.35%. As a group, equities analysts expect that Cascades will post 1.2959309 EPS for the current fiscal 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.