Cascades (TSE:CAS) Price Target Cut to C$12.00 by Analysts at Scotiabank

Cascades (TSE:CAS) had its price target cut by Scotiabank from C$13.50 to C$12.00 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on CAS. National Bankshares reduced their price objective on shares of Cascades from C$13.50 to C$11.00 in a research report on Thursday, April 11th. Desjardins reduced their target price on shares of Cascades from C$14.50 to C$13.00 and set a hold rating for the company in a research report on Thursday, March 28th. Royal Bank of Canada reduced their target price on shares of Cascades from C$14.00 to C$11.00 and set a sector perform rating for the company in a research report on Friday, April 19th. TD Securities reduced their target price on shares of Cascades from C$12.00 to C$11.00 and set a buy rating for the company in a research report on Tuesday, April 16th. Finally, CIBC dropped their price target on shares of Cascades from C$14.00 to C$12.00 in a research note on Thursday, April 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Cascades currently has an average rating of Hold and an average price target of C$11.67.

Cascades Trading Down 0.1 %

Shares of CAS stock opened at C$9.18 on Wednesday. Cascades has a 52-week low of C$9.10 and a 52-week high of C$15.00. 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 50-day simple moving average of C$10.21 and a two-hundred day simple moving average of C$11.85. The company has a market capitalization of C$924.52 million, a price-to-earnings ratio of -12.08, a PEG ratio of 0.56 and a beta of 0.06.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.25). Cascades had a negative return on equity of 2.86% and a negative net margin of 1.64%. The firm had revenue of C$1.14 billion during the quarter, compared to the consensus estimate of C$1.22 billion. Research analysts anticipate that Cascades will post 0.8298611 EPS for the current fiscal year.

Cascades Increases Dividend

The business also recently declared a 1 dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, March 21st were issued a $0.48 dividend. This is a positive change from Cascades’s previous 1 dividend of $0.12. The ex-dividend date was Thursday, March 21st. This represents a dividend yield of 4.66%. Cascades’s dividend payout ratio is presently -63.16%.

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.