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

Shares of Cascades Inc. (TSE:CAS) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$13.25.

Several research analysts have commented on the stock. TD Securities lifted their price objective 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. CIBC lifted their price objective on shares of Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. 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. Finally, Scotiabank raised shares of Cascades from a “hold” rating to a “strong-buy” rating and lifted their price objective for the stock from C$12.00 to C$15.50 in a research note on Monday, January 27th.

Cascades Trading Up 2.0 %

CAS stock opened at C$12.84 on Tuesday. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. The firm has a fifty day moving average price of C$12.34 and a 200 day moving average price of C$11.02. The firm has a market cap of C$1.30 billion, a PE ratio of -17.32, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$14.93.

Cascades Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Thursday, November 21st. Cascades’s dividend payout ratio is currently -64.73%.

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.