Shares of Cascades Inc. (TSE:CAS – Get Free Report) have been given an average rating of “Hold” by the six ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$12.50.
A number of research analysts recently weighed in on the company. CIBC raised their price objective on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. TD Securities lifted their price target on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada upped their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Friday, December 20th.
Check Out Our Latest Report on Cascades
Insider Transactions at Cascades
Cascades Stock Performance
Shares of CAS opened at C$13.15 on Friday. The company has a market capitalization of C$1.33 billion, a PE ratio of -31.31, a PEG ratio of 0.56 and a beta of 0.15. 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 company’s 50 day moving average price is C$12.00 and its 200 day moving average price is C$10.60. Cascades has a 52 week low of C$8.83 and a 52 week high of C$15.00.
Cascades (TSE:CAS – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported C$0.27 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.13. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. During the same period in the prior year, the company earned $0.44 EPS. Research analysts expect that Cascades will post 1.2959309 EPS for the current fiscal year.
Cascades Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a yield of 3.65%. Cascades’s dividend payout ratio (DPR) is presently -114.29%.
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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