Cascades (TSE:CAS) had its price target decreased by CIBC from C$19.00 to C$18.00 in a report published on Tuesday, Analyst Price Targets reports. CIBC currently has a neutral rating on the stock.
Several other research firms have also weighed in on CAS. TD Securities reduced their price objective on Cascades from C$18.00 to C$17.50 and set an outperform rating on the stock in a research note on Wednesday, April 7th. Scotiabank raised their price objective on Cascades from C$19.00 to C$19.50 in a research note on Wednesday, March 3rd. Royal Bank of Canada lifted their price target on Cascades from C$18.00 to C$20.00 and gave the company an outperform rating in a research note on Friday, February 26th. BMO Capital Markets started coverage on Cascades in a research note on Friday, January 22nd. They set an outperform rating and a C$18.00 price target on the stock. Finally, National Bank Financial lifted their price target on Cascades from C$21.00 to C$22.50 and gave the company an outperform rating in a research note on Monday, February 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of C$19.25.
Shares of TSE CAS opened at C$14.41 on Tuesday. The company has a debt-to-equity ratio of 105.52, a quick ratio of 1.03 and a current ratio of 1.59. Cascades has a 52 week low of C$12.25 and a 52 week high of C$18.48. The stock has a market capitalization of C$1.47 billion and a P/E ratio of 7.13. The stock’s fifty day moving average is C$16.59 and its 200 day moving average is C$15.61.
Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, February 25th. The company reported C$0.42 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.26 by C$0.16. The company had revenue of C$1.28 billion during the quarter, compared to the consensus estimate of C$1.24 billion. Equities research analysts forecast that Cascades will post 2.2399999 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 25th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, March 9th. Cascades’s dividend payout ratio is currently 15.84%.
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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