Cascades (TSE:CAS) Price Target Cut to C$20.00 by Analysts at Royal Bank of Canada

Cascades (TSE:CAS) had its price objective decreased by investment analysts at Royal Bank of Canada to C$20.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 46.84% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. National Bankshares dropped their target price on shares of Cascades from C$20.50 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, May 7th. CIBC raised shares of Cascades from a “neutral” rating to an “outperform” rating in a research report on Friday, April 16th. TD Securities upgraded shares of Cascades from a “hold” rating to a “buy” rating and set a C$17.50 price objective for the company in a research note on Friday, May 7th. Scotiabank decreased their price objective on shares of Cascades from C$19.50 to C$18.50 in a research note on Wednesday, May 19th. Finally, National Bank Financial lifted their price objective on shares of Cascades to C$18.50 and gave the company an “outperform” rating in a research note on Friday, May 7th. Six analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$18.43.

Shares of Cascades stock opened at C$13.62 on Wednesday. The stock has a 50 day moving average price of C$14.21. The company has a debt-to-equity ratio of 100.61, a quick ratio of 0.96 and a current ratio of 1.60. Cascades has a 52-week low of C$13.06 and a 52-week high of C$18.48. The stock has a market cap of C$1.39 billion and a P/E ratio of 6.85.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, May 6th. The company reported C$0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.03. The firm had revenue of C$1.18 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. As a group, equities research analysts expect that Cascades will post 1.8200001 earnings per share for the current fiscal year.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, Italy, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It provides containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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