Analysts Set Cascades Inc. (TSE:CAS) PT at C$14.58

Cascades Inc. (TSE:CAS) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$14.75.

CAS has been the subject of a number of research reports. Canadian Imperial Bank of Commerce upped their price target on shares of Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th. Desjardins upped their target price on Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a research report on Friday, November 7th. Scotiabank increased their target price on Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada raised their target price on Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, TD Securities reduced their price target on Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday.

Cascades Stock Down 2.4%

Shares of TSE:CAS opened at C$12.03 on Friday. The stock has a 50-day simple moving average of C$13.06 and a 200-day simple moving average of C$11.65. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 60.15, a PEG ratio of 0.56 and a beta of 1.13. Cascades has a 1 year low of C$8.30 and a 1 year high of C$14.20. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.40 EPS for the quarter. Cascades had a negative net margin of 1.62% and a negative return on equity of 4.35%. The firm had revenue of C$1.20 billion for the quarter. Equities analysts forecast that Cascades will post 1.2959309 earnings per share for the current year.

About Cascades

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.