Cascades Inc. (TSE:CAS) Receives Average Recommendation of “Hold” from Analysts

Cascades Inc. (TSE:CAS) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$11.92.

CAS has been the subject of a number of recent analyst reports. CIBC decreased their price objective on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research note on Monday, August 12th. Scotiabank dropped their price target on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Royal Bank of Canada raised their price objective on Cascades from C$11.00 to C$12.00 in a research report on Friday. Finally, TD Securities increased their price target on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday.

Cascades Stock Down 1.7 %

CAS stock opened at C$11.00 on Friday. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. The firm has a market cap of C$1.11 billion, a PE ratio of -26.19, a P/E/G ratio of 0.56 and a beta of 0.15. Cascades has a 12 month low of C$8.83 and a 12 month high of C$15.00. The firm has a 50 day simple moving average of C$10.14 and a 200 day simple moving average of C$9.65.

Cascades (TSE:CAS) last announced its earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The business had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. Equities research analysts forecast that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.48 annualized dividend and a dividend yield of 4.36%. Cascades’s dividend payout ratio (DPR) is -114.29%.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.