Cascades Inc (TSE:CAS) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$16.75.

CAS has been the topic of a number of recent research reports. Royal Bank of Canada cut their price objective on shares of Cascades from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a report on Friday, August 10th. Desjardins dropped their target price on shares of Cascades from C$17.50 to C$17.00 in a research note on Saturday, July 14th.

CAS traded down C$0.01 during midday trading on Friday, reaching C$12.96. The company’s stock had a trading volume of 23,118 shares, compared to its average volume of 225,006. Cascades has a 1 year low of C$11.29 and a 1 year high of C$16.71.

Cascades (TSE:CAS) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.29. The business had revenue of C$1.18 billion for the quarter, compared to analysts’ expectations of C$1.17 billion. Cascades had a net margin of 3.17% and a return on equity of 9.16%.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Thursday, September 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, August 21st. This represents a $0.16 annualized dividend and a dividend yield of 1.23%.

In other news, insider Robert F. Hall sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of C$13.58, for a total value of C$950,600.00. Also, Director Charles Malo sold 9,432 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of C$13.08, for a total transaction of C$123,370.56. In the last quarter, insiders sold 79,832 shares of company stock worth $1,079,343.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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Analyst Recommendations for Cascades (TSE:CAS)

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