Cascades Inc. (TSE:CAS) Stock Has Average Target Price of C$18.38

Cascades Inc. (TSE:CAS) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$18.38.

A number of research firms recently issued reports on CAS. Scotia raised their price objective on shares of Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada boosted their target price on shares of Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Desjardins increased their target price on shares of Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research report on Monday, August 10th. TD increased their target price on shares of Cascades from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. Finally, Canadian Imperial Bank of Commerce raised their target price on Cascades from C$17.50 to C$23.00 in a research report on Wednesday, September 30th.

Cascades Stock Performance

Shares of Cascades stock opened at C$17.59 on Wednesday. The business’s fifty day simple moving average is C$17.34 and its 200 day simple moving average is C$13.56. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08. Cascades has a 12 month low of C$10.25 and a 12 month high of C$18.86. The firm has a market capitalization of C$1.78 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03.

Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$1.22 billion for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. As a group, analysts anticipate that Cascades will post 1.30 EPS for the current year.

Cascades Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.48 annualized dividend and a yield of 2.7%. Cascades’s dividend payout ratio is 38.71%.

Insider Buying and Selling at Cascades

In other Cascades news, insider Emmanuelle Migneault sold 3,298 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the completion of the transaction, the insider owned 10,203 shares in the company, valued at C$186,000.69. This trade represents a 24.43% decrease in their ownership of the stock. Also, insider Allan Hogg sold 17,684 shares of Cascades stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total transaction of C$309,470.00. Following the completion of the transaction, the insider owned 112,056 shares of the company’s stock, valued at C$1,960,980. The trade was a 13.63% decrease in their position. Insiders have sold a total of 27,395 shares of company stock valued at $480,844 over the last three months. 23.78% of the stock is currently owned by insiders.

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.