Cascades (CAS) Receives “Buy” Rating from Desjardins
Cascades (TSE:CAS)‘s stock had its “buy” rating restated by investment analysts at Desjardins in a research report issued on Friday. They presently have a C$18.50 target price on the stock. Desjardins’ price objective would indicate a potential upside of 32.14% from the company’s current price. Desjardins also issued estimates for Cascades’ Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.80 EPS, Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.27 EPS and FY2019 earnings at $1.77 EPS.
A number of other research analysts have also recently issued reports on CAS. Scotiabank cut their price objective on Cascades from C$18.00 to C$17.75 and set a “sector perform” rating for the company in a report on Friday. Royal Bank of Canada cut their price objective on Cascades from C$20.00 to C$18.00 and set an “outperform” rating for the company in a report on Friday. CIBC lifted their price objective on Cascades from C$14.00 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. National Bank Financial lifted their price objective on Cascades from C$18.50 to C$21.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, TD Securities raised Cascades from a “hold” rating to a “buy” rating and lifted their price target for the company from C$16.50 to C$18.00 in a report on Monday, January 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$18.18.
Cascades (CAS) opened at C$14.00 on Friday. The stock has a market capitalization of $1,370.00, a price-to-earnings ratio of 3.01 and a beta of 0.06. Cascades has a twelve month low of C$12.20 and a twelve month high of C$18.20.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/03/02/cascades-cas-given-a-c18-50-price-target-at-desjardins.html.
Cascades Company Profile
Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.