Cascades (TSE:CAS – Get Free Report) had its target price lowered by research analysts at Scotiabank from C$13.50 to C$12.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 30.58% from the stock’s current price.
Several other research firms have also recently weighed in on CAS. CIBC lowered their price target on Cascades from C$14.00 to C$12.00 in a report on Thursday, April 11th. National Bankshares decreased their target price on Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. TD Securities decreased their target price on Cascades from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Desjardins decreased their target price on Cascades from C$14.50 to C$13.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Finally, Royal Bank of Canada decreased their target price on Cascades from C$14.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Friday, April 19th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$11.67.
View Our Latest Report on Cascades
Cascades Price Performance
Cascades (TSE:CAS – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.25). The firm had revenue of C$1.14 billion for the quarter, compared to the consensus estimate of C$1.22 billion. Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. On average, equities analysts predict that Cascades will post 0.8298611 earnings per share for the current year.
Cascades Company Profile
Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.
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