Cascades (TSE:CAS) Insider Allan Hogg Sells 17,684 Shares

Cascades Inc. (TSE:CAS) insider Allan Hogg sold 17,684 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total value of C$309,470.00. Following the transaction, the insider owned 112,056 shares in the company, valued at C$1,960,980. The trade was a 13.63% decrease in their position.

Cascades Stock Performance

Shares of CAS stock opened at C$17.25 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08. The stock has a 50 day simple moving average of C$13.30 and a 200-day simple moving average of C$12.15. The company has a market cap of C$1.75 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. Cascades Inc. has a 12-month low of C$9.35 and a 12-month high of C$17.97.

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

Cascades Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About Cascades

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.