TD Securities Lowers Cascades (TSE:CAS) Price Target to C$11.00

Cascades (TSE:CAS) had its price target reduced by stock analysts at TD Securities from C$12.00 to C$11.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 18.66% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. CIBC dropped their price objective on shares of Cascades from C$14.00 to C$12.00 in a research report on Thursday, April 11th. Desjardins lowered their target price on shares of Cascades from C$14.50 to C$13.00 and set a “hold” rating for the company in a report on Thursday, March 28th. National Bankshares decreased their price target on shares of Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. Finally, Royal Bank of Canada lowered shares of Cascades from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$15.00 to C$14.00 in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$12.20.

Cascades Stock Down 1.3 %

TSE CAS opened at C$9.27 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 108.76. The stock’s 50 day moving average is C$10.79 and its two-hundred day moving average is C$11.96. The company has a market capitalization of C$933.58 million, a price-to-earnings ratio of -12.20, a PEG ratio of 0.56 and a beta of 0.06. Cascades has a 1-year low of C$9.16 and a 1-year high of C$15.00.

Cascades (TSE:CAS) last posted its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.25). Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. The firm had revenue of C$1.14 billion during the quarter, compared to the consensus estimate of C$1.22 billion. Equities analysts forecast that Cascades will post 0.8298611 earnings per share for the current fiscal year.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.