Cascades (TSE:CAS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Cascades Inc. (TSE:CAS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.37 and traded as high as C$12.33. Cascades shares last traded at C$12.22, with a volume of 25,788 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on CAS shares. Scotiabank lifted their price target on shares of Cascades from C$12.00 to C$13.50 in a research report on Monday, November 10th. Desjardins lifted their target price on Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a report on Friday, November 7th. Royal Bank Of Canada boosted their target price on Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. CIBC upped their target price on Cascades from C$12.00 to C$13.00 in a report on Monday, November 10th. Finally, TD Securities lifted their price target on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Cascades Stock Performance

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 stock has a market capitalization of C$1.24 billion, a PE ratio of 61.10, a PEG ratio of 0.56 and a beta of 1.03. The firm’s 50-day simple moving average is C$12.02 and its two-hundred day simple moving average is C$10.37.

Cascades (TSE:CAS) last released its earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$1.24 billion during the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%. On average, equities research analysts expect that Cascades Inc. will post 1.2959309 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, November 20th. Cascades’s dividend payout ratio is currently 240.00%.

Insider Buying and Selling

In other Cascades news, insider J�R�Me Porlier sold 4,000 shares of Cascades stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of C$12.49, for a total transaction of C$49,960.00. Following the transaction, the insider owned 24,467 shares of the company’s stock, valued at C$305,592.83. The trade was a 14.05% decrease in their position. Insiders own 23.78% of the company’s stock.

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.