TD Securities Increases Cascades (TSE:CAS) Price Target to C$14.00

Cascades (TSE:CAS) had its price target hoisted by investment analysts at TD Securities from C$12.00 to C$14.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 27.27% from the stock’s current price.

CAS has been the subject of a number of other research reports. Scotiabank reduced their target price on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. CIBC dropped their price target on 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. Finally, Royal Bank of Canada raised their price objective on Cascades from C$11.00 to C$12.00 in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$11.92.

Cascades Stock Performance

CAS opened at C$11.00 on Friday. The business has a fifty day simple moving average of C$10.14 and a 200-day simple moving average of C$9.65. 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. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$15.00.

Cascades (TSE:CAS) last issued its quarterly 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. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. The business had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion. As a group, equities analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Cascades Company Profile

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.