Cascades (TSE:CAS) Given New C$13.00 Price Target at Desjardins

Cascades (TSE:CAS) had its price target decreased by stock analysts at Desjardins from C$14.50 to C$13.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ target price points to a potential upside of 30.78% from the stock’s current price.

Several other research analysts also recently commented on CAS. National Bankshares reduced their target price on Cascades from C$14.50 to C$13.50 and set a “sector perform” rating on the stock in a report on Friday, February 23rd. Royal Bank of Canada lowered Cascades from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$15.00 to C$14.00 in a research note on Friday, February 23rd. TD Securities reduced their price target on shares of Cascades from C$16.00 to C$14.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, CIBC cut shares of Cascades from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$17.00 to C$14.00 in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$13.70.

Cascades Stock Down 1.5 %

Shares of Cascades stock traded down C$0.15 during midday trading on Thursday, reaching C$9.94. 150,007 shares of the company’s stock traded hands, compared to its average volume of 287,758. Cascades has a 52 week low of C$9.36 and a 52 week high of C$15.00. The company’s 50 day simple moving average is C$12.31 and its 200 day simple moving average is C$12.25. The company has a debt-to-equity ratio of 108.76, a quick ratio of 0.86 and a current ratio of 1.33. The company has a market cap of C$1.00 billion, a price-to-earnings ratio of -13.12, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06.

Cascades (TSE:CAS) last released its earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.25). Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. The company had revenue of C$1.14 billion for the quarter, compared to analyst estimates of C$1.22 billion. Equities analysts expect that Cascades will post 0.8248588 earnings per share for the current fiscal year.

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.