Cascades (TSE:CAS – Free Report) had its price objective lowered by Scotiabank from C$13.50 to C$12.00 in a research report released on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
A number of other research firms also recently issued reports on CAS. Desjardins dropped their price target on Cascades from C$14.50 to C$13.00 and set a hold rating on the stock in a research note on Thursday, March 28th. TD Securities dropped their price target on Cascades from C$12.00 to C$11.00 and set a buy rating on the stock in a research note on Tuesday, April 16th. Royal Bank of Canada dropped their price target on Cascades from C$14.00 to C$11.00 and set a sector perform rating on the stock in a research note on Friday, April 19th. National Bankshares dropped their price target on Cascades from C$13.50 to C$11.00 in a research note on Thursday, April 11th. Finally, CIBC lowered their target price on Cascades from C$14.00 to C$12.00 in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$11.67.
Get Our Latest Research Report on CAS
Cascades Trading Down 1.3 %
Cascades (TSE:CAS – Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.25). The business had revenue of C$1.14 billion during the quarter, compared to analysts’ expectations 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, equities research analysts expect that Cascades will post 0.8298611 EPS for the current fiscal year.
Cascades Increases Dividend
The firm also recently declared a 1 dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, March 21st were issued a $0.48 dividend. This is a boost from Cascades’s previous 1 dividend of $0.12. This represents a dividend yield of 4.66%. The ex-dividend date of this dividend was Thursday, March 21st. Cascades’s dividend payout ratio (DPR) is currently -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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