Cascades Inc. (TSE:CAS) Receives C$13.92 Average PT from Brokerages

Cascades Inc. (TSE:CAS) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$14.58.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Scotiabank increased their price target on Cascades from C$13.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Desjardins lifted their price objective on Cascades from C$10.50 to C$13.50 and gave the company a “hold” rating in a research report on Friday, November 7th. National Bankshares upped their target price on Cascades from C$12.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, CIBC raised their price target on Cascades from C$12.00 to C$13.00 in a research note on Monday, November 10th.

Insider Buying and Selling

In related news, insider J�R�Me Porlier sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of C$12.49, for a total transaction of C$49,960.00. Following the completion of the transaction, the insider owned 24,467 shares of the company’s stock, valued at approximately C$305,592.83. This represents a 14.05% decrease in their ownership of the stock. Company insiders own 23.78% of the company’s stock.

Cascades Trading Up 3.8%

Cascades stock opened at C$13.50 on Monday. The stock has a 50-day moving average price of C$12.69 and a 200 day moving average price of C$11.15. Cascades has a 52 week low of C$8.30 and a 52 week high of C$13.94. The stock has a market cap of C$1.37 billion, a PE ratio of 67.50, a P/E/G ratio of 0.56 and a beta of 1.13. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$1.24 billion for the quarter. Cascades had a negative net margin of 1.62% and a negative return on equity of 4.35%. Equities research analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, December 4th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. Cascades’s dividend payout ratio (DPR) is currently 240.00%.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.