Cascades Inc. (TSE:CAS) Receives Average Rating of “Hold” from Analysts

Shares of Cascades Inc. (TSE:CAS) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$12.50.

CAS has been the subject of several research reports. CIBC raised their target price on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. TD Securities raised their target price on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada increased their price target on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, December 20th.

Insider Transactions at Cascades

In other news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total transaction of C$33,900.00. Company insiders own 23.78% of the company’s stock.

Cascades Trading Up 0.6 %

TSE:CAS opened at C$13.25 on Friday. Cascades has a 1 year low of C$8.83 and a 1 year high of C$14.96. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of -31.55, a PEG ratio of 0.56 and a beta of 0.15. The business has a fifty day moving average of C$12.08 and a 200-day moving average of C$10.66. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23.

Cascades (TSE:CAS) last announced its earnings results on Thursday, November 7th. The company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.13. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. During the same quarter in the previous year, the company earned $0.44 earnings per share. Equities analysts predict that Cascades will post 1.2959309 earnings per share for the current year.

Cascades Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, November 21st. Cascades’s dividend payout ratio (DPR) is presently -114.29%.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.