Cascades (TSE:CAS) Stock Price Expected to Rise, Scotia Analyst Says

Cascades (TSE:CAS) had its price target hoisted by research analysts at Scotia from C$16.00 to C$20.50 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s target price indicates a potential upside of 16.61% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. National Bank Financial lifted 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 research note on Monday. Canadian Imperial Bank of Commerce raised Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. TD boosted their target price on Cascades from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Desjardins upped 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. Finally, Royal Bank Of Canada raised their price target on Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.50.

Cascades Stock Down 0.2%

Cascades stock traded down C$0.04 during mid-day trading on Friday, hitting C$17.58. The company’s stock had a trading volume of 306,955 shares, compared to its average volume of 287,295. Cascades has a 52-week low of C$9.35 and a 52-week high of C$17.88. The company has a market cap of C$1.78 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. The firm’s 50 day moving average is C$12.61 and its 200 day moving average is C$12.00.

Cascades (TSE:CAS) last released its 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 return on equity of 7.24% and a net margin of 2.64%. On average, analysts anticipate that Cascades will post 1.2959309 earnings per share for the current year.

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.