Cascades (TSE:CAS) PT Lowered to C$11.00 at TD Securities

Cascades (TSE:CAS) had its price target cut by investment analysts at TD Securities from C$12.00 to C$11.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 18.66% from the company’s current price.

CAS has been the topic of a number of other research reports. Royal Bank of Canada lowered Cascades from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$15.00 to C$14.00 in a report on Friday, February 23rd. Desjardins decreased their price objective on Cascades from C$14.50 to C$13.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. National Bankshares decreased their price objective on Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. Finally, CIBC decreased their price objective on Cascades from C$14.00 to C$12.00 in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$12.20.

Cascades Price Performance

Cascades stock opened at C$9.27 on Tuesday. The company’s fifty day moving average price is C$10.79 and its 200 day moving average price is C$11.96. Cascades has a 1 year low of C$9.16 and a 1 year high of C$15.00. The stock has a market capitalization of C$933.58 million, a P/E ratio of -12.20, a P/E/G ratio of 0.56 and a beta of 0.06. The company has a debt-to-equity ratio of 108.76, a quick ratio of 0.86 and a current ratio of 1.33.

Cascades (TSE:CAS) last released its quarterly 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 company had revenue of C$1.14 billion during the quarter, compared to analyst estimates of C$1.22 billion. As a group, equities research analysts anticipate that Cascades will post 0.8298611 earnings per share for the current fiscal year.

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.