Royal Bank Of Canada Cuts Cascades (TSE:CAS) Price Target to C$14.00

Cascades (TSE:CAS) had its target price dropped by stock analysts at Royal Bank Of Canada from C$15.00 to C$14.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 29.63% from the company’s previous close.

A number of other equities research analysts have also recently commented on CAS. Scotiabank decreased their target price on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a research report on Monday, April 13th. National Bank Financial decreased their price target on Cascades from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Friday. TD Securities decreased their price target on Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, February 27th. TD decreased their price target on Cascades from C$14.00 to C$13.00 and set a “buy” rating for the company in a research note on Friday. Finally, Desjardins decreased their price target on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating for the company in a report on Monday, April 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cascades currently has an average rating of “Moderate Buy” and a consensus price target of C$13.64.

Cascades Stock Up 1.0%

Shares of TSE CAS traded up C$0.11 during mid-day trading on Friday, reaching C$10.80. 291,865 shares of the company were exchanged, compared to its average volume of 211,962. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 112.96. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.56 and a beta of 1.07. Cascades has a 1 year low of C$8.30 and a 1 year high of C$14.20. The firm has a 50-day moving average of C$11.29 and a 200 day moving average of C$12.13.

Cascades (TSE:CAS) last posted its earnings results on Thursday, May 7th. The company reported C$0.07 EPS for the quarter. Cascades had a net margin of 1.47% and a return on equity of 4.11%. The company had revenue of C$1.13 billion during the quarter. On average, research analysts expect that Cascades will post 1.2959309 earnings per share for the current year.

About Cascades

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.