Cascades Inc. (TSE:CAS – Get Free Report) insider Laurent Lemaire bought 23,302 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of C$10.52 per share, with a total value of C$245,137.04. Following the purchase, the insider owned 7,837,637 shares of the company’s stock, valued at C$82,451,941.24. The trade was a 0.30% increase in their ownership of the stock.
Cascades Stock Performance
CAS stock traded down C$0.07 during trading on Wednesday, hitting C$10.40. 135,373 shares of the company’s stock traded hands, compared to its average volume of 214,159. The company has a quick ratio of 0.86, a current ratio of 1.53 and a debt-to-equity ratio of 113.03. Cascades Inc. has a 52 week low of C$8.49 and a 52 week high of C$14.20. The stock has a fifty day moving average price of C$11.19 and a two-hundred day moving average price of C$12.12. The stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.07.
Cascades (TSE:CAS – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share for the quarter. Cascades had a net margin of 2.15% and a return on equity of 5.95%. The firm had revenue of C$1.13 billion during the quarter. As a group, equities analysts anticipate that Cascades Inc. will post 1.2959309 EPS for the current fiscal year.
Cascades Dividend Announcement
Analyst Upgrades and Downgrades
Several equities research analysts have commented on CAS shares. Royal Bank Of Canada dropped their price target on shares of Cascades from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Desjardins dropped their target price on Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a report on Monday, April 13th. TD Securities dropped their price target 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. National Bank Financial lowered their price target on Cascades from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a report on Friday, May 8th. Finally, TD reduced their price objective on Cascades from C$14.00 to C$13.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.64.
View Our Latest Stock Analysis on CAS
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.
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