Cascades Inc (TSE:CAS) – Stock analysts at Desjardins dropped their Q3 2019 earnings estimates for shares of Cascades in a research report issued on Monday, August 12th. Desjardins analyst K. Howlett now anticipates that the company will earn $0.24 per share for the quarter, down from their previous forecast of $0.32. Desjardins also issued estimates for Cascades’ FY2020 earnings at $1.03 EPS.
Several other equities analysts have also weighed in on CAS. National Bank Financial increased their price target on shares of Cascades from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research report on Monday. Royal Bank of Canada increased their price target on shares of Cascades from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday. TD Securities lowered shares of Cascades from a “buy” rating to a “hold” rating and set a C$13.50 price target for the company. in a research report on Tuesday, July 16th. Raymond James increased their price target on shares of Cascades from C$14.00 to C$15.00 in a research report on Monday. Finally, CIBC increased their price target on shares of Cascades from C$10.00 to C$11.00 in a research report on Monday, May 13th.
CAS opened at C$11.55 on Wednesday. The firm has a market cap of $1.13 billion and a P/E ratio of 46.39. The firm has a 50-day moving average of C$11.87 and a 200 day moving average of C$9.77. The company has a debt-to-equity ratio of 115.99, a quick ratio of 0.81 and a current ratio of 1.43. Cascades has a fifty-two week low of C$7.55 and a fifty-two week high of C$13.94.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, September 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, August 20th. This is a positive change from Cascades’s previous quarterly dividend of $0.04. Cascades’s dividend payout ratio (DPR) is currently 128.51%.
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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