Cascades Inc. (TSE:CAS) Receives C$16.50 Average Price Target from Analysts

Cascades Inc. (TSE:CAS) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$16.50.

Several equities analysts have weighed in on the stock. Scotia boosted their target price on shares of Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a report on Friday, August 14th. TD raised their price target on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. National Bank Financial raised their price target on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Royal Bank Of Canada lifted their price target on shares of Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st.

Insider Buying and Selling at Cascades

In related news, insider Jérôme Nadeau sold 5,234 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the completion of the sale, the insider directly owned 21,997 shares of the company’s stock, valued at approximately C$380,548.10. This trade represents a 19.22% decrease in their position. Also, insider Allan Hogg sold 17,684 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$17.50, for a total transaction of C$309,470.00. Following the completion of the sale, the insider owned 112,056 shares in the company, valued at approximately C$1,960,980. This trade represents a 13.63% decrease in their ownership of the stock. Corporate insiders own 23.78% of the company’s stock.

Cascades Stock Up 0.8%

TSE CAS opened at C$16.56 on Friday. Cascades has a 52 week low of C$9.35 and a 52 week high of C$17.97. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. The business’s fifty day simple moving average is C$13.87 and its 200-day simple moving average is C$12.27. The firm has a market cap of C$1.68 billion, a PE ratio of 13.35, a P/E/G ratio of 0.56 and a beta of 1.04.

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

Cascades Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be given a $0.12 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.9%. Cascades’s payout ratio is currently 38.71%.

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.