Cascades (TSE:CAS – Free Report) had its price target lowered by Royal Bank of Canada from C$14.00 to C$11.00 in a research note released on Friday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other research analysts also recently issued reports on CAS. Desjardins reduced their price target on shares of Cascades from C$14.50 to C$13.00 and set a hold rating on the stock in a research report on Thursday, March 28th. CIBC reduced their price target on shares of Cascades from C$14.00 to C$12.00 in a research note on Thursday, April 11th. TD Securities dropped their target price on shares of Cascades from C$12.00 to C$11.00 and set a buy rating on the stock in a report on Tuesday, April 16th. Finally, National Bankshares decreased their price target on Cascades from C$13.50 to C$11.00 in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$11.60.
Read Our Latest Stock Report on Cascades
Cascades Price Performance
Cascades (TSE:CAS – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.25). The firm had revenue of C$1.14 billion for the quarter, compared to analyst estimates of C$1.22 billion. Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. As a group, analysts predict that Cascades will post 0.8298611 EPS for the current year.
Cascades Increases Dividend
The business also recently announced a 1 dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, March 21st were given a dividend of $0.48 per share. The ex-dividend date was Thursday, March 21st. This represents a yield of 4.66%. This is a boost from Cascades’s previous 1 dividend of $0.12. Cascades’s dividend payout ratio is presently -63.16%.
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.
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