Cascades (TSE:CAS) Stock: Insider Michael Guerra Sells 1,179 Shares

Cascades Inc. (TSE:CAS) insider Michael Guerra sold 1,179 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of C$17.56, for a total value of C$20,703.24. Following the sale, the insider owned 20,020 shares of the company’s stock, valued at approximately C$351,551.20. The trade was a 5.56% decrease in their position.

Cascades Stock Up 2.6%

CAS traded up C$0.46 on Friday, reaching C$18.33. The company’s stock had a trading volume of 606,126 shares, compared to its average volume of 322,025. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 0.56 and a beta of 1.22. Cascades Inc. has a fifty-two week low of C$9.35 and a fifty-two week high of C$18.40. 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 stock has a 50 day moving average of C$16.04 and a two-hundred day moving average of C$12.85.

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

Cascades Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, August 20th. Cascades’s dividend payout ratio (DPR) is currently 38.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Canadian Imperial Bank of Commerce upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. TD lifted their target price on Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. National Bank Financial boosted their target price on Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Desjardins upped their target price on Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada raised their price target on Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Cascades has an average rating of “Moderate Buy” and an average target price of C$16.50.

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.