Cascades Inc. (TSE:CAS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Cascades Inc. (TSE:CAS) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$12.08.

Several research firms have commented on CAS. Royal Bank of Canada lifted their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Friday, December 20th. TD Securities lifted 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 note on Friday, November 8th.

Cascades Stock Performance

TSE CAS opened at C$11.80 on Monday. The business’s 50 day moving average price is C$11.41 and its 200-day moving average price is C$10.16. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$15.00. The company has a market cap of C$1.19 billion, a P/E ratio of -28.10, a P/E/G 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, November 21st. Cascades’s dividend payout ratio is presently -114.29%.

Insider Activity at Cascades

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

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.