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

Shares of Cascades Inc. (TSE:CAS) have received an average rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$12.50.

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

Insiders Place Their Bets

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the stock in a transaction on 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 owned by corporate insiders.

Cascades Price Performance

CAS stock opened at C$13.25 on Friday. 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 50 day moving average is C$12.08 and its two-hundred day moving average is C$10.66. The company has a market capitalization of C$1.34 billion, a PE ratio of -31.55, a P/E/G ratio of 0.56 and a beta of 0.15.

Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm posted $0.44 EPS. Analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, December 5th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, November 21st. Cascades’s dividend payout ratio is presently -114.29%.

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.