FY2017 EPS Estimates for Cascades Inc (CAS) Boosted by Desjardins
Cascades Inc (TSE:CAS) – Desjardins increased their FY2017 earnings estimates for shares of Cascades in a research report issued on Monday. Desjardins analyst K. Howlett now expects that the firm will earn $1.74 per share for the year, up from their prior forecast of $1.33. Desjardins has a “Buy” rating and a $15.00 price target on the stock.
CAS has been the subject of several other research reports. Royal Bank Of Canada lifted their target price on shares of Cascades from C$12.00 to C$14.00 in a research note on Thursday, October 6th. CIBC raised their price objective on shares of Cascades from C$14.00 to C$16.00 in a research report on Monday. TD Securities raised their price objective on shares of Cascades from C$11.50 to C$12.50 and gave the company a “buy” rating in a research report on Monday, August 8th. Scotiabank restated an “outperform” rating and issued a C$14.75 price objective on shares of Cascades in a research report on Tuesday, October 25th. Finally, National Bank Financial lowered shares of Cascades from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Friday, August 5th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$14.56.
Shares of Cascades (TSE:CAS) remained flat at $11.51 during trading on Wednesday. 3,323 shares of the company were exchanged. Cascades has a one year low of $7.72 and a one year high of $13.65. The company has a market cap of $1.09 billion and a P/E ratio of 19.84. The stock’s 50-day moving average price is $12.54 and its 200-day moving average price is $10.59.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $0.16 annualized dividend and a yield of 1.39%.
Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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