Cascades (TSE:CAS) Given New C$20.50 Price Target at Scotia

Cascades (TSE:CAS) had its target price hoisted by Scotia from C$16.00 to C$20.50 in a report released on Friday,BayStreet.CA reports. The firm currently has a sector outperform rating on the stock.

A number of other analysts have also issued reports on CAS. Canadian Imperial Bank of Commerce raised Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Royal Bank Of Canada upped their price objective on shares of Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. TD lifted their price objective on Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. National Bank Financial upped their target price on Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Finally, Desjardins increased their price objective on shares of Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.50.

Cascades Price Performance

TSE CAS opened at C$17.83 on Friday. The firm has a market cap of C$1.81 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The stock’s 50-day moving average is C$12.75 and its two-hundred day moving average is C$12.04. Cascades has a fifty-two week low of C$9.35 and a fifty-two week high of C$17.88. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86.

Cascades (TSE:CAS) last posted its earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$1.22 billion during the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%. On average, analysts anticipate that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.48 annualized dividend and a yield of 2.7%. Cascades’s dividend payout ratio (DPR) is 38.71%.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.