Cascades Inc. (TSE:CAS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Cascades Inc. (TSE:CAS) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$13.64.

A number of analysts recently issued reports on the company. Royal Bank Of Canada decreased their target price on Cascades from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. National Bank Financial reduced their price objective on Cascades from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Friday, May 8th. TD Securities reduced their price objective on Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Scotiabank reduced their price objective on Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, Desjardins reduced their price objective on Cascades from C$15.00 to C$13.00 and set a “hold” rating for the company in a research note on Monday, April 13th.

Cascades Stock Up 3.6%

Shares of TSE CAS opened at C$10.88 on Friday. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. The company has a debt-to-equity ratio of 113.03, a current ratio of 1.53 and a quick ratio of 0.86. The business has a 50-day moving average of C$10.73 and a two-hundred day moving average of C$11.92. Cascades has a 1 year low of C$8.80 and a 1 year high of C$14.20.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$1.13 billion during the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%. On average, analysts forecast that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.48 annualized dividend and a yield of 4.4%. Cascades’s payout ratio is presently 48.00%.

Insider Transactions at Cascades

In other Cascades news, insider Laurent Lemaire bought 23,302 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of C$10.52 per share, for a total transaction of C$245,137.04. Following the transaction, the insider owned 7,837,637 shares of the company’s stock, valued at approximately C$82,451,941.24. This trade represents a 0.30% increase in their position. Insiders own 23.78% of the company’s stock.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.