Insider Selling: Cascades Inc. (TSE:CAS) Senior Officer Sells C$130,545.80 in Stock

Cascades Inc. (TSE:CAS) Senior Officer Maryse Fernet sold 13,321 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$9.80, for a total transaction of C$130,545.80.

Cascades Stock Up 1.0 %

CAS stock opened at C$9.63 on Friday. Cascades Inc. has a 12-month low of C$9.10 and a 12-month high of C$15.00. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 115.94. The company has a market cap of C$969.84 million, a price-to-earnings ratio of -45.86, a PEG ratio of 0.56 and a beta of 0.07. The company has a 50 day moving average of C$9.64 and a two-hundred day moving average of C$11.59.

Cascades (TSE:CAS) last released 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 return on equity of 0.17% and a negative net margin of 0.46%. The company had revenue of C$1.14 billion during the quarter, compared to analysts’ expectations of C$1.22 billion. On average, equities analysts anticipate that Cascades Inc. will post 0.7103548 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, June 6th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.98%. Cascades’s dividend payout ratio is currently -228.57%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. National Bankshares reduced their target price on shares of Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. Desjardins reduced their price target on shares of Cascades from C$14.50 to C$13.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. TD Securities reduced their price target on shares of Cascades from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada upped their price target on shares of Cascades from C$11.00 to C$12.00 in a research report on Friday, May 10th. Finally, Scotiabank reduced their price target on shares of Cascades from C$13.50 to C$12.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Cascades presently has a consensus rating of “Hold” and a consensus price target of C$11.83.

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.