Cascades Inc. (TSE:CAS) Receives C$12.08 Average PT from Brokerages

Shares of Cascades Inc. (TSE:CAS) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$12.08.

Several research analysts have commented on the company. TD Securities lifted their price target on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their target price on shares of Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Friday, December 20th.

Cascades Stock Performance

Shares of CAS stock opened at C$12.24 on Monday. Cascades has a 1 year low of C$8.83 and a 1 year high of C$15.00. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23. The firm has a market cap of C$1.24 billion, a price-to-earnings ratio of -29.14, a PEG ratio of 0.56 and a beta of 0.15. The stock’s 50-day moving average is C$11.54 and its two-hundred day moving average is C$10.25.

Cascades Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, November 21st. Cascades’s dividend payout ratio (DPR) is presently -114.29%.

Insider Buying and Selling

In related news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total value of C$33,900.00. Corporate insiders own 23.78% of the company’s stock.

Cascades Company Profile

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.