Cascades (TSE:CAS) Stock Rating Upgraded by Scotiabank

Cascades (TSE:CAS) was upgraded by Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on CAS. CIBC increased their target price on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. TD Securities increased their target price on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, December 20th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Cascades has an average rating of “Moderate Buy” and a consensus price target of C$12.50.

Cascades Stock Up 0.6 %

Shares of TSE:CAS opened at C$13.25 on Monday. 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 52-week low of C$8.83 and a 52-week high of C$14.96. The stock’s fifty day simple moving average is C$12.08 and its 200-day simple moving average is C$10.66. The company has a market capitalization of C$1.34 billion, a P/E ratio of -31.55, a P/E/G ratio of 0.56 and a beta of 0.15.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.13. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. During the same period in the prior year, the company earned $0.44 EPS. As a group, equities research analysts forecast that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Insiders Place Their Bets

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