Cascades (TSE:CAS) Given New C$17.00 Price Target at National Bank Financial

Cascades (TSE:CAS) had its target price upped by equities research analysts at National Bank Financial from C$13.00 to C$17.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential downside of 0.53% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. TD upped their price target on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Desjardins increased their price objective on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a report on Monday. Royal Bank Of Canada boosted their target price on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Scotiabank dropped their target price on Cascades from C$16.75 to C$14.50 and set an “outperform” rating on the stock in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$15.93.

Cascades Stock Up 0.4%

Shares of CAS traded up C$0.07 during trading hours on Monday, reaching C$17.09. The company’s stock had a trading volume of 1,754,552 shares, compared to its average volume of 270,250. The company has a 50 day moving average of C$12.10 and a two-hundred day moving average of C$11.88. The company has a quick ratio of 0.86, a current ratio of 1.53 and a debt-to-equity ratio of 113.03. The firm has a market cap of C$1.73 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.56 and a beta of 1.04. Cascades has a 1-year low of C$9.35 and a 1-year high of C$17.53.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 EPS for the quarter. Cascades had a net margin of 2.15% and a return on equity of 5.95%. The business had revenue of C$1.22 billion during the quarter. As a group, research analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Insider Activity

In other news, insider Laurent Lemaire purchased 23,302 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of C$10.52 per share, with a total value of C$245,137.04. Following the purchase, the insider directly owned 7,837,637 shares of the company’s stock, valued at C$82,451,941.24. This trade represents a 0.30% increase in their position. 23.78% of the stock is owned by corporate insiders.

About Cascades

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.