Cascades Inc. (TSE:CAS – Get Free Report) insider Jérôme Nadeau sold 5,234 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total value of C$90,548.20. Following the transaction, the insider owned 21,997 shares in the company, valued at approximately C$380,548.10. This represents a 19.22% decrease in their position.
Cascades Stock Down 1.3%
Shares of TSE CAS traded down C$0.23 on Thursday, hitting C$17.30. The company had a trading volume of 168,495 shares, compared to its average volume of 298,589. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. Cascades Inc. has a 12-month low of C$9.35 and a 12-month high of C$17.97. The firm has a market capitalization of C$1.75 billion, a P/E ratio of 13.95, a PEG ratio of 0.56 and a beta of 1.04. The business has a 50 day moving average of C$13.16 and a two-hundred day moving average of C$12.12.
Cascades (TSE:CAS – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. The company had revenue of C$1.22 billion for the quarter. As a group, equities research analysts forecast that Cascades Inc. will post 1.2959309 earnings per share for the current fiscal year.
Cascades Dividend Announcement
Wall Street Analyst Weigh In
A number of analysts recently issued reports on CAS shares. Scotia lifted their price target on shares of Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Desjardins upped their target price on shares of Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research note on Monday, August 10th. National Bank Financial increased their price target on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada increased their price target on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Cascades has an average rating of “Moderate Buy” and a consensus target price of C$16.50.
View Our Latest Report on Cascades
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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