Shares of Cascades Inc. (TSE:CAS – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$13.64.
A number of analysts recently commented on the company. Scotiabank reduced their price objective on 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. TD cut 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, May 8th. Desjardins reduced 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 research report on Monday, April 13th. National Bank Financial lowered their price objective on shares of Cascades from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Friday, May 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of Cascades from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, May 8th.
Read Our Latest Research Report on Cascades
Insider Activity
Cascades Stock Performance
TSE:CAS opened at C$11.78 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.86 and a debt-to-equity ratio of 113.03. Cascades has a 12 month low of C$8.90 and a 12 month high of C$14.20. The company has a market cap of C$1.19 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. The company has a 50 day simple moving average of C$10.93 and a two-hundred day simple moving average of C$11.82.
Cascades (TSE:CAS – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share for the quarter. The firm had revenue of C$1.12 billion for the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%. Research analysts forecast that Cascades will post 1.2959309 earnings per share for the current year.
Cascades Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, May 21st. Cascades’s dividend payout ratio (DPR) is currently 48.00%.
About Cascades
Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.
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