Cascades Inc. (TSE:CAS – Get Free Report) has been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$11.67.
Several brokerages have commented on CAS. Royal Bank of Canada lowered their target price on Cascades from C$14.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Friday, April 19th. National Bankshares lowered their price objective on Cascades from C$13.50 to C$11.00 in a research note on Thursday, April 11th. Desjardins decreased their target price 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. Scotiabank decreased their price target on Cascades from C$13.50 to C$12.00 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Finally, 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.
Get Our Latest Stock Report on Cascades
Cascades Price Performance
Cascades (TSE:CAS – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.25). The company had revenue of C$1.14 billion for the quarter, compared to analyst estimates of C$1.22 billion. Cascades had a negative return on equity of 2.86% and a negative net margin of 1.64%. Analysts forecast that Cascades will post 0.8298611 EPS for the current year.
Cascades Increases Dividend
The company also recently disclosed a 1 dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, March 21st were paid a $0.48 dividend. This represents a yield of 4.66%. The ex-dividend date was Thursday, March 21st. This is a boost from Cascades’s previous 1 dividend of $0.12. Cascades’s dividend payout ratio (DPR) is -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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