Brokerages Set Cascades Inc. (TSE:CAS) PT at C$14.07

Cascades Inc. (TSE:CAS) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$14.07.

A number of equities analysts recently weighed in on the stock. National Bank Financial lowered their price objective on shares of Cascades from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. TD Securities lowered their price objective on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada lowered their price objective on shares of Cascades from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Desjardins lowered their price objective on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Finally, TD lowered their price objective on shares of Cascades from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th.

Cascades Trading Up 0.6%

Shares of CAS stock opened at C$10.93 on Friday. The company has a market capitalization of C$1.11 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 112.96. The business’s 50 day moving average is C$11.95 and its two-hundred day moving average is C$12.05. Cascades has a twelve month low of C$8.30 and a twelve month high of C$14.20.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.40 EPS for the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%.The business had revenue of C$1.20 billion during the quarter. Equities analysts forecast that Cascades will post 1.2959309 EPS for the current year.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, March 12th. Cascades’s dividend payout ratio (DPR) is 69.57%.

About Cascades

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.