Cascades (TSE:CAS) Insider Sells C$60,122.54 in Stock

Cascades Inc. (TSE:CAS) insider Emmanuelle Migneault sold 3,298 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the sale, the insider directly owned 10,203 shares of the company’s stock, valued at C$186,000.69. This represents a 24.43% decrease in their position.

Cascades Stock Down 0.4%

Cascades stock opened at C$18.23 on Friday. 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 Inc. has a 52-week low of C$9.35 and a 52-week high of C$18.86. The firm has a 50 day moving average price of C$16.52 and a two-hundred day moving average price of C$13.05. The firm has a market cap of C$1.85 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.56 and a beta of 1.22.

Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 EPS for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. The company had revenue of C$1.22 billion for the quarter. Equities analysts predict that Cascades Inc. will post 1.2959309 EPS for the current year.

Cascades Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. Cascades’s dividend payout ratio is 38.71%.

Key Cascades News

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: Canadian Imperial Bank of Commerce raised its price target for Cascades from C$17.50 to C$23.00, implying approximately 25.6% upside from the reported C$18.31 reference price. The higher target is a bullish signal and may support the stock, which is trading near its 52-week high. Cascades price target increase
• Neutral Sentiment: Several analysts have recently increased their targets, and Cascades has a generally positive consensus rating. However, valuation and expectations have risen alongside the share price, while the company continues to carry substantial leverage, with a debt-to-equity ratio above 100.
• Neutral Sentiment: Multiple reports announced the debut of upgraded Airo trainsets on the Amtrak Cascades route between Vancouver, Seattle and Eugene. These stories refer to a passenger-rail service—not Cascades Inc. (CAS)—and are not expected to affect the packaging and recovery company’s stock.
• Negative Sentiment: Insider Emmanuelle Migneault sold 3,298 Cascades shares at an average price of C$18.23 for total proceeds of approximately C$60,123. The transaction reduced her direct holdings by 24.43%, leaving 10,203 shares. Although the sale is relatively small compared with the company’s market value, insider selling can create modestly negative sentiment. Cascades insider sale

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CAS shares. TD boosted their price objective on Cascades from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Desjardins raised their target price on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce lifted their target price on Cascades from C$17.50 to C$23.00 in a report on Wednesday. National Bank Financial boosted their price target 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, Royal Bank Of Canada increased their price target on Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$17.75.

About Cascades

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.