Jérôme Nadeau Sells 5,234 Shares of Cascades (TSE:CAS) Stock

Cascades Inc. (TSE:CAS) insider Jérôme Nadeau sold 5,234 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the transaction, the insider owned 21,997 shares in the company, valued at approximately C$380,548.10. This trade represents a 19.22% decrease in their ownership of the stock.

Cascades Stock Up 1.6%

CAS stock opened at C$17.52 on Friday. The company has a market cap of C$1.78 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The company has a fifty day moving average price of C$13.43 and a 200 day moving average price of C$12.19. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. Cascades Inc. has a 12 month low of C$9.35 and a 12 month high of C$17.97.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$1.22 billion for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. Sell-side analysts expect that Cascades Inc. will post 1.2959309 earnings per share for the current year.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, August 20th. Cascades’s payout ratio is presently 38.71%.

More Cascades News

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: Higher FY2027 earnings forecast: Scotiabank raised its earnings estimate for Cascades to C$1.34 per share from C$1.19, above the current consensus estimate of C$1.30. The increase suggests expectations for stronger profitability and is a positive catalyst for CAS.
• Positive Sentiment: Broadly favorable analyst outlook: Recent broker actions include Scotia raising its price target to C$20.50 and CIBC upgrading the stock to “strong buy.” Cascades has a consensus rating of “Moderate Buy,” although the average target of C$16.50 is below recent trading levels. This supports the stock’s rise but also signals that some upside may already be priced in.
• Positive Sentiment: Dividend supports shareholder returns: Cascades declared a quarterly dividend of C$0.12 per share, equivalent to C$0.48 annually and a yield of approximately 2.8%. The payout ratio of 38.71% suggests the dividend is reasonably covered by earnings.
• Neutral Sentiment: Other headlines are unrelated: Reports about a Cascades trainset and wildfire smoke east of the Cascades mountain range do not appear to concern Cascades Inc.’s operations or financial outlook.
• Negative Sentiment: Insider selling may weigh on sentiment: Director Allan Hogg sold 17,684 shares for approximately C$309,470, while insider Jérôme Nadeau sold 5,234 shares for about C$90,548. The transactions reduced their holdings by 13.63% and 19.22%, respectively, though both continue to own shares. Cascades insider selling report

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CAS. TD upped their price target on shares of Cascades from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Desjardins lifted their price objective on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Royal Bank Of Canada lifted their price objective on Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce raised Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial increased their target price on Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$16.50.

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.