J�R�Me Porlier Sells 4,000 Shares of Cascades (TSE:CAS) Stock

Cascades Inc. (TSE:CAS) insider J�R�Me Porlier sold 4,000 shares of Cascades stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of C$12.49, for a total value of C$49,960.00. Following the completion of the transaction, the insider directly owned 24,467 shares in the company, valued at approximately C$305,592.83. This represents a 14.05% decrease in their ownership of the stock.

Cascades Trading Up 2.3%

TSE:CAS traded up C$0.29 on Wednesday, reaching C$12.79. 185,368 shares of the stock traded hands, compared to its average volume of 226,707. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. Cascades Inc. has a 1-year low of C$8.30 and a 1-year high of C$13.42. The company’s 50 day moving average is C$10.32 and its 200-day moving average is C$9.58. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 63.95, a price-to-earnings-growth ratio of 0.56 and a beta of 0.87.

Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.29 EPS for the quarter. Cascades had a negative net margin of 1.62% and a negative return on equity of 4.35%. The company had revenue of C$1.24 billion for the quarter. Equities research analysts anticipate that Cascades Inc. will post 1.2959309 EPS for the current fiscal year.

Cascades Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, November 20th. Cascades’s payout ratio is presently 240.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on CAS. TD Securities raised their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Scotiabank upped their price objective on shares of Cascades from C$12.00 to C$13.50 in a report on Monday. Desjardins raised their target price on Cascades from C$10.50 to C$13.50 and gave the company a “hold” rating in a research note on Friday, November 7th. Royal Bank Of Canada upped their price target on Cascades from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, CIBC raised their price objective on Cascades from C$12.00 to C$13.00 in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Cascades currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.17.

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.