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

Cascades Inc. (TSE:CAS) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$16.50.

CAS has been the subject of several recent research reports. Desjardins boosted their target price on shares of Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. TD upped their price objective on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Royal Bank Of Canada raised their target price on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Scotia boosted their price target on Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st.

Cascades Trading Down 1.8%

Shares of TSE CAS opened at C$16.73 on Tuesday. The stock has a market cap of C$1.70 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.56 and a beta of 1.22. The business has a 50 day simple moving average of C$15.10 and a 200 day simple moving average of C$12.54. Cascades has a 52 week low of C$9.35 and a 52 week high of C$17.97. The company has a debt-to-equity ratio of 111.08, a quick ratio of 0.86 and a current ratio of 1.48.

Cascades (TSE:CAS) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 EPS for the quarter. The firm had revenue of C$1.22 billion for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%. On average, 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, September 3rd. Investors of record on Thursday, September 3rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, August 20th. Cascades’s payout ratio is 38.71%.

Insider Buying and Selling

In other Cascades news, insider Jérôme Nadeau sold 5,234 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the transaction, the insider owned 21,997 shares in the company, valued at C$380,548.10. This trade represents a 19.22% decrease in their ownership of the stock. Also, insider Allan Hogg sold 17,684 shares of Cascades stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$17.50, for a total transaction of C$309,470.00. Following the completion of the transaction, the insider directly owned 112,056 shares in the company, valued at approximately C$1,960,980. This represents a 13.63% decrease in their position. 23.78% of the stock is owned by corporate insiders.

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.