Cascades (TSE:CAS)‘s stock had its “buy” rating reissued by equities researchers at TD Securities in a research note issued on Wednesday, Stock Target Advisor reports.
Other equities research analysts have also issued research reports about the company. Scotiabank upgraded Cascades from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$18.50 to C$20.50 in a research report on Tuesday, July 6th. National Bank Financial reduced their price target on Cascades to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, August 6th. National Bankshares reduced their price target on Cascades from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, August 6th. CIBC reiterated a “$18.00” rating on shares of Cascades in a research report on Friday, August 27th. Finally, Desjardins upgraded Cascades from a “hold” rating to a “buy” rating in a research report on Tuesday, July 6th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$19.36.
CAS stock traded down C$0.42 during midday trading on Wednesday, reaching C$15.74. 57,743 shares of the stock were exchanged, compared to its average volume of 366,517. The stock has a market capitalization of C$1.61 billion and a PE ratio of 10.95. Cascades has a 52 week low of C$13.06 and a 52 week high of C$18.48. The company has a debt-to-equity ratio of 95.91, a current ratio of 1.72 and a quick ratio of 0.62. The company has a fifty day moving average price of C$15.57 and a 200 day moving average price of C$15.27.
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.
Further Reading: What can cause a stock to outperform?
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