Cascades Inc. (TSE:CAS) Given Consensus Rating of “Moderate Buy” by Brokerages

Cascades Inc. (TSE:CAS) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$14.75.

Several brokerages have recently issued reports on CAS. Scotiabank boosted their price objective on Cascades from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. National Bank Financial lifted their target price on Cascades from C$12.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. TD Securities reduced their price target on Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price target on Cascades from C$12.00 to C$13.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada raised their price target on Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, December 18th.

Cascades Stock Down 0.1%

CAS stock opened at C$12.11 on Friday. The stock has a market cap of C$1.23 billion, a PE ratio of 60.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13. The firm’s 50-day simple moving average is C$13.06 and its 200 day simple moving average is C$11.69. Cascades has a fifty-two week low of C$8.30 and a fifty-two week high of C$14.20. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 112.96.

Cascades (TSE:CAS) last posted its earnings results on Thursday, February 26th. The company reported C$0.40 EPS for the quarter. Cascades had a net margin of 1.47% and a return on equity of 4.11%. The firm had revenue of C$1.20 billion during the quarter. As a group, sell-side analysts predict that Cascades will post 1.2959309 EPS for the current year.

Cascades Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.48 annualized dividend and a yield of 4.0%. Cascades’s dividend payout ratio (DPR) is presently 240.00%.

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.