Royal Bank of Canada Forecasts Strong Price Appreciation for Cascades (TSE:CAS) Stock

Cascades (TSE:CAS) had its price target increased by Royal Bank of Canada from C$11.00 to C$12.00 in a research note issued to investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 9.09% from the stock’s current price.

CAS has been the topic of several other reports. Scotiabank decreased their price target on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. CIBC decreased their target price on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$11.92.

Cascades Price Performance

CAS stock opened at C$11.00 on Friday. The stock’s 50 day moving average price is C$10.14 and its 200 day moving average price is C$9.65. The firm has a market cap of C$1.11 billion, a P/E ratio of -26.19, a PEG ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23. Cascades has a 1 year low of C$8.83 and a 1 year high of C$15.00.

Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. The business had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. On average, sell-side analysts expect that Cascades will post 1.2959309 earnings per share for the current fiscal year.

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.