Cascades Inc. (TSE:CAS) Receives Consensus Rating of “Moderate Buy” from Analysts

Cascades Inc. (TSE:CAS) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$13.17.

A number of research analysts have commented on the company. CIBC upped their price objective on Cascades from C$12.00 to C$13.00 in a report on Monday, November 10th. Desjardins upped their price target on shares of Cascades from C$10.50 to C$13.50 and gave the company a “hold” rating in a research note on Friday, November 7th. Scotiabank lifted their price objective on shares of Cascades from C$12.00 to C$13.50 in a research note on Monday, November 10th. Royal Bank Of Canada boosted their price objective on shares of Cascades from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, TD Securities raised their target price on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Friday, November 7th.

Insider Buying and Selling

In other news, insider J�R�Me Porlier sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of C$12.49, for a total value of C$49,960.00. Following the completion of the transaction, the insider directly owned 24,467 shares in the company, valued at approximately C$305,592.83. The trade was a 14.05% decrease in their position. 23.78% of the stock is currently owned by corporate insiders.

Cascades Stock Down 0.2%

Cascades stock opened at C$12.08 on Friday. The company’s 50-day moving average price is C$11.53 and its two-hundred day moving average price is C$10.17. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37. The stock has a market cap of C$1.22 billion, a P/E ratio of 60.40, a P/E/G ratio of 0.56 and a beta of 1.03. Cascades has a twelve month low of C$8.30 and a twelve month high of C$13.42.

Cascades (TSE:CAS) last posted its earnings results on Thursday, November 6th. The company reported C$0.38 EPS for the quarter. The company had revenue of C$1.24 billion for the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%. As a group, analysts expect that Cascades will post 1.2959309 EPS for the current year.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, November 20th. Cascades’s dividend payout ratio is 240.00%.

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.