Cascades Inc. (TSE:CAS) Stock Rated “Moderate Buy” by Wall Street Analysts

Cascades Inc. (TSE:CAS) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$17.75.

A number of analysts have commented on CAS shares. Desjardins upped their target price on shares of Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a report on Monday, August 10th. Scotia boosted their price objective on shares of Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. TD upped their price objective on Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. National Bank Financial raised their target price on Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their target price on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, August 10th.

Cascades Stock Up 1.5%

Shares of Cascades stock opened at C$17.73 on Friday. Cascades has a 1 year low of C$9.35 and a 1 year high of C$18.86. The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.56 and a beta of 1.03. The company has a 50-day moving average of C$17.02 and a 200 day moving average of C$13.32. 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 (TSE:CAS) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$1.22 billion during the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. As a group, sell-side analysts anticipate that Cascades will post 1.30 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. Cascades’s dividend payout ratio (DPR) is presently 38.71%.

Insider Buying and Selling

In other Cascades news, insider Jérôme Nadeau sold 5,234 shares of the company’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 sale, the insider directly owned 21,997 shares in the company, valued at C$380,548.10. This represents a 19.22% decrease in their ownership of the stock. Also, insider Allan Hogg sold 17,684 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$17.50, for a total value of C$309,470.00. Following the completion of the sale, the insider directly owned 112,056 shares of the company’s stock, valued at C$1,960,980. The trade was a 13.63% decrease in their ownership of the stock. Over the last quarter, insiders sold 27,395 shares of company stock worth $480,844. Corporate insiders own 23.78% of the company’s stock.

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.