Cascades (TSE:CAS) Insider Jérôme Nadeau Sells 5,234 Shares of Stock

Cascades Inc. (TSE:CAS) insider Jérôme Nadeau sold 5,234 shares of Cascades stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the sale, the insider owned 21,997 shares in the company, valued at approximately C$380,548.10. This represents a 19.22% decrease in their ownership of the stock.

Cascades Trading Down 1.6%

CAS opened at C$17.25 on Friday. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. Cascades Inc. has a fifty-two week low of C$9.35 and a fifty-two week high of C$17.97. The company’s 50 day moving average price is C$13.30 and its two-hundred day moving average price is C$12.15. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.56 and a beta of 1.04.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm had revenue of C$1.22 billion during the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. As a group, research analysts predict that Cascades Inc. will post 1.2959309 earnings per share for the current year.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 20th. Cascades’s dividend payout ratio (DPR) is currently 38.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Scotia raised their price objective on Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research report on Friday, August 14th. Desjardins lifted their price objective on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. National Bank Financial upped their target price on Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada upped their target price on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Cascades currently has an average rating of “Moderate Buy” and an average price target of C$16.50.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.