Shares of Cascades Inc. (TSE:CAS) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$18.50.
A number of research analysts have commented on the company. National Bankshares reduced their price objective on Cascades from C$20.50 to C$18.50 and set an “outperform” rating on the stock in a research note on Friday, May 7th. TD Securities upgraded Cascades from a “hold” rating to a “buy” rating and set a C$17.50 price target on the stock in a research note on Friday, May 7th. Scotiabank cut their price target on Cascades from C$19.50 to C$18.50 in a research note on Wednesday, May 19th. Royal Bank of Canada cut their price target on Cascades to C$20.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, CIBC upgraded Cascades from a “neutral” rating to an “outperform” rating in a research note on Friday, April 16th.
Shares of CAS opened at C$13.62 on Tuesday. The stock’s 50-day moving average is C$14.21. The firm has a market capitalization of C$1.39 billion and a PE ratio of 6.85. Cascades has a 12 month low of C$13.06 and a 12 month high of C$18.48. The company has a debt-to-equity ratio of 100.61, a quick ratio of 0.96 and a current ratio of 1.60.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 3rd. Shareholders of record on Thursday, June 3rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.35%. The ex-dividend date was Tuesday, May 18th. Cascades’s payout ratio is currently 16.10%.
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, Italy, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It provides containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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