Allan Hogg Sells 17,684 Shares of Cascades (TSE:CAS) Stock

Cascades Inc. (TSE:CAS) insider Allan Hogg sold 17,684 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total value of C$309,470.00. Following the transaction, the insider directly owned 112,056 shares in the company, valued at approximately C$1,960,980. The trade was a 13.63% decrease in their position.

Cascades Stock Performance

Shares of Cascades stock opened at C$17.52 on Friday. The business has a 50-day moving average of C$13.43 and a 200 day moving average of C$12.19. Cascades Inc. has a 12 month low of C$9.35 and a 12 month high of C$17.97. The stock has a market capitalization 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 debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86.

Cascades (TSE:CAS) last issued its quarterly earnings results 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%. As a group, sell-side analysts forecast that Cascades Inc. will post 1.2959309 earnings per share for the current year.

Cascades Announces Dividend

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

Analysts Set New Price Targets

CAS has been the topic of a number of research reports. Canadian Imperial Bank of Commerce upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. National Bank Financial upped their price objective on Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Scotia increased their price objective on Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada increased their price objective on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Desjardins lifted their target price on Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$16.50.

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

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.