Cascades Inc. (TSE:CAS) Stock Has Consensus Target Price of C$18.38 According to Analysts

Cascades Inc. (TSE:CAS) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$18.38.

A number of research analysts recently issued reports on the stock. National Bank Financial lifted their price target on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce boosted their price target on shares of Cascades from C$17.50 to C$23.00 in a report on Wednesday, September 30th. Scotia increased 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 raised their price objective on shares of Cascades from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Finally, Desjardins raised their price objective 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.

Cascades Price Performance

CAS stock opened at C$16.12 on Wednesday. The business’s 50-day moving average is C$17.35 and its two-hundred day moving average is C$13.64. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. The firm has a market capitalization of C$1.65 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.56 and a beta of 0.88. Cascades has a 1 year low of C$10.25 and a 1 year high of C$18.86.

Cascades (TSE:CAS) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$0.33 EPS for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%. The business had revenue of C$1.27 billion during the quarter. Analysts anticipate that Cascades will post 1.30 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, December 3rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, November 19th. Cascades’s dividend payout ratio is 38.71%.

Insider Activity at Cascades

In other Cascades news, insider Jérôme Nadeau sold 5,234 shares of Cascades stock in a transaction dated 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 completion of the sale, the insider directly owned 21,997 shares of the company’s stock, valued at C$380,548.10. The trade was a 19.22% decrease in their position. Also, insider Emmanuelle Migneault sold 3,298 shares of Cascades stock in a transaction dated Monday, September 28th. The stock was sold at an average price of C$18.23, for a total value of C$60,122.54. Following the sale, the insider directly owned 10,203 shares of the company’s stock, valued at C$186,000.69. This trade represents a 24.43% decrease in their ownership of the stock. Insiders have sold 27,395 shares of company stock valued at $480,844 over the last quarter. 23.78% of the stock is owned by insiders.

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.