Cascades (TSE:CAS – Get Free Report) had its target price boosted by stock analysts at Desjardins from C$13.00 to C$19.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential upside of 11.18% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Scotiabank cut their target price 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. 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. TD raised their price target on Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada lifted their price objective on Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce raised Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$15.93.
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Cascades Stock Performance
Cascades (TSE:CAS – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$1.22 billion during the quarter. Cascades had a net margin of 2.15% and a return on equity of 5.95%. Equities research analysts anticipate that Cascades will post 1.2959309 earnings per share for the current year.
Insider Activity
In other news, insider Laurent Lemaire bought 23,302 shares of Cascades stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of C$10.52 per share, with a total value of C$245,137.04. Following the acquisition, 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 position. Company insiders own 23.78% of the company’s stock.
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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