TD Securities Issues Pessimistic Forecast for Cascades (TSE:CAS) Stock Price

Cascades (TSE:CAS) had its target price reduced by stock analysts at TD Securities from C$16.00 to C$15.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 23.97% from the company’s current price.

CAS has been the topic of several other research reports. Desjardins increased their price objective on shares of Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a research note on Friday, November 7th. Canadian Imperial Bank of Commerce increased their price target on shares of Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th. National Bank Financial lifted their price target on shares of Cascades from C$12.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Scotiabank upped their price objective on Cascades from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada raised their target price on Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$14.75.

Cascades Stock Performance

TSE:CAS traded down C$0.22 during trading hours on Friday, reaching C$12.10. The company had a trading volume of 237,019 shares, compared to its average volume of 213,264. The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of 60.50, a PEG ratio of 0.56 and a beta of 1.13. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. The firm’s 50 day moving average price is C$13.07 and its 200-day moving average price is C$11.61. Cascades has a 52 week low of C$8.30 and a 52 week high of C$14.20.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share for the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%.The firm had revenue of C$1.20 billion for the quarter. On average, analysts forecast that Cascades will post 1.2959309 EPS for the current year.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.