Cascades Inc. (TSE:CAS) Given Average Recommendation of “Moderate Buy” by Analysts

Cascades Inc. (TSE:CAS) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$13.93.

A number of equities research analysts have recently commented on the company. National Bank Financial lowered their target price on Cascades from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Friday, May 8th. TD increased their price target on shares of Cascades from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada lowered their price objective on shares of Cascades from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, Scotiabank lowered their price target on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating on the stock in a report on Monday, April 13th.

Cascades Price Performance

CAS opened at C$13.13 on Monday. Cascades has a fifty-two week low of C$8.90 and a fifty-two week high of C$14.20. The firm has a market capitalization of C$1.33 billion, a P/E ratio of 13.13, a PEG ratio of 0.56 and a beta of 1.03. The company’s 50-day moving average is C$11.36 and its 200 day moving average is C$11.80. The company has a debt-to-equity ratio of 113.03, a current ratio of 1.53 and a quick ratio of 0.86.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$1.12 billion during the quarter. Cascades had a net margin of 2.15% and a return on equity of 5.95%. Research analysts expect that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, May 21st. Cascades’s dividend payout ratio is presently 48.00%.

Insider Activity

In related news, insider Laurent Lemaire purchased 23,302 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of C$10.52 per share, with a total value of C$245,137.04. Following the completion of the acquisition, the insider directly owned 7,837,637 shares of the company’s stock, valued at approximately C$82,451,941.24. The trade was a 0.30% increase in their ownership of the stock. 23.78% of the stock is currently owned by corporate insiders.

About Cascades

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.