Cascades (TSE:CAS) Price Target Lowered to C$13.00 at National Bank Financial

Cascades (TSE:CAS) had its target price decreased by stock analysts at National Bank Financial from C$14.00 to C$13.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 20.37% from the stock’s current price.

CAS has been the topic of a number of other reports. Scotiabank dropped their price target on Cascades from C$16.75 to C$14.50 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Desjardins dropped their price target on Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Royal Bank Of Canada dropped their price target on Cascades from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. TD Securities dropped their price target on Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, TD lowered their price objective on shares of Cascades from C$14.00 to C$13.00 and set a “buy” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cascades has a consensus rating of “Moderate Buy” and a consensus target price of C$13.64.

Cascades Trading Up 1.0%

Shares of TSE CAS traded up C$0.11 during midday trading on Friday, reaching C$10.80. The stock had a trading volume of 291,865 shares, compared to its average volume of 211,962. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.07. Cascades has a twelve month low of C$8.30 and a twelve month high of C$14.20. The company has a debt-to-equity ratio of 112.96, a quick ratio of 0.86 and a current ratio of 1.43. The company’s 50 day moving average price is C$11.29 and its 200 day moving average price is C$12.13.

Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$1.13 billion for the quarter. Cascades had a net margin of 1.47% and a return on equity of 4.11%. As a group, sell-side analysts expect that Cascades will post 1.2959309 EPS for the current year.

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.