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.

In related news, insider Bernard Lemaire sold 400,000 shares of Cascades stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of C$15.48, for a total value of C$6,192,000.00.

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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.

Analyst Recommendations for Cascades (TSE:CAS)

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