Brokerages Set Cascades Inc. (TSE:CAS) Target Price at C$14.07

Cascades Inc. (TSE:CAS) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$14.07.

Several analysts have recently weighed in on the company. National Bank Financial decreased their target price on Cascades from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada reduced their price target on shares of Cascades from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. TD decreased their price objective on shares of Cascades from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Scotiabank lowered their price objective 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. Finally, TD Securities dropped their target price on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, February 27th.

Cascades Stock Up 0.4%

Shares of TSE:CAS opened at C$10.82 on Friday. The firm has a market capitalization of C$1.10 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The business has a 50 day simple moving average of C$11.83 and a two-hundred day simple moving average of C$12.05. Cascades has a 1 year low of C$8.30 and a 1 year high of C$14.20. The company has a debt-to-equity ratio of 112.96, a current ratio of 1.43 and a quick ratio of 0.86.

Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share for the quarter. The firm had revenue of C$1.20 billion for the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%. On average, equities analysts predict that Cascades will post 1.2959309 EPS for the current year.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.48 annualized dividend and a yield of 4.4%. Cascades’s dividend payout ratio is 69.57%.

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.