Cascades Inc. (TSE:CAS) Given Average Rating of “Moderate Buy” by Brokerages

Cascades Inc. (TSE:CAS) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$14.75.

CAS has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. TD Securities lowered their target price on Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Scotiabank upped their target price on Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Finally, National Bank Financial increased their price target on shares of Cascades from C$12.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd.

Cascades Trading Up 6.4%

TSE CAS opened at C$11.43 on Tuesday. The firm’s 50 day moving average price is C$12.76 and its two-hundred day moving average price is C$11.85. The company has a debt-to-equity ratio of 112.96, a quick ratio of 0.86 and a current ratio of 1.43. Cascades has a twelve month low of C$8.30 and a twelve month high of C$14.20. The stock has a market cap of C$1.16 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.56 and a beta of 1.09.

Cascades (TSE:CAS) last released its earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%.The company had revenue of C$1.20 billion during the quarter. Equities analysts anticipate that Cascades will post 1.2959309 EPS for the current year.

Cascades Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 26th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, March 12th. Cascades’s dividend payout ratio is currently 69.57%.

About Cascades

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.