Cascades (TSE:CAS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Cascades Inc. (TSE:CAS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.81 and traded as high as C$11.87. Cascades shares last traded at C$11.67, with a volume of 229,238 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. National Bank Financial decreased their price objective on shares of Cascades from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Friday, May 8th. Royal Bank Of Canada cut their target price on Cascades from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. TD cut their target price on Cascades from C$14.00 to C$13.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Scotiabank reduced their target price on Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, Desjardins decreased their price target on Cascades from C$15.00 to C$13.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$13.64.

Cascades Stock Performance

The business’s fifty day moving average price is C$11.02 and its 200-day moving average price is C$11.81. The company has a debt-to-equity ratio of 113.03, a quick ratio of 0.86 and a current ratio of 1.53. The stock has a market cap of C$1.18 billion, a PE ratio of 11.67, a P/E/G ratio of 0.56 and a beta of 1.03.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 EPS for the quarter. Cascades had a net margin of 2.15% and a return on equity of 5.95%. The firm had revenue of C$1.12 billion during the quarter. As a group, equities research analysts forecast that Cascades Inc. will post 1.2959309 EPS for the current fiscal year.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, May 21st. Cascades’s payout ratio is 48.00%.

Insiders Place Their Bets

In related news, insider Laurent Lemaire bought 23,302 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of C$10.52 per share, for a total transaction of C$245,137.04. Following the purchase, the insider owned 7,837,637 shares in the company, valued at approximately C$82,451,941.24. This represents a 0.30% increase in their ownership of the stock. Corporate insiders own 23.78% of the company’s stock.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.