Cascades Inc. (TSE:CAS) Receives Average Rating of “Hold” from Brokerages

Shares of Cascades Inc. (TSE:CAS) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$12.50.

Several analysts recently weighed in on the company. CIBC boosted their price objective on Cascades from C$12.00 to C$13.00 in a report on Wednesday, January 15th. Royal Bank of Canada boosted their price target on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Friday, December 20th. Finally, TD Securities raised their price objective on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Cascades Stock Down 0.3 %

CAS stock opened at C$12.59 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. The firm has a 50 day simple moving average of C$11.93 and a 200-day simple moving average of C$10.55. The company has a market capitalization of C$1.27 billion, a P/E ratio of -29.98, a PEG ratio of 0.56 and a beta of 0.15. Cascades has a twelve month low of C$8.83 and a twelve month high of C$15.00.

Cascades (TSE:CAS) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.27 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.13. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. During the same quarter last year, the company posted $0.44 earnings per share. On average, equities research analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a yield of 3.81%. Cascades’s dividend payout ratio is currently -114.29%.

Insiders Place Their Bets

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total value of C$33,900.00. 23.78% of the stock is owned by corporate insiders.

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.