Analysts Set Cascades Inc (CAS) Target Price at $16.42

Cascades Inc (TSE:CAS) has been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$16.42.

A number of research firms have issued reports on CAS. CIBC reduced their target price on shares of Cascades from C$16.00 to C$15.00 in a research note on Monday, October 15th. National Bank Financial reduced their target price on shares of Cascades from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. Desjardins boosted their target price on shares of Cascades from C$17.00 to C$18.00 in a research note on Friday, August 10th. Finally, Royal Bank of Canada reduced their target price on shares of Cascades from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, August 10th.

In related news, Director Martin Couture purchased 9,090 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were bought at an average cost of C$10.00 per share, for a total transaction of C$90,900.00. Also, insider Laurent Lemaire purchased 5,300 shares of the company’s stock in a transaction on Friday, November 16th. The shares were bought at an average price of C$11.02 per share, for a total transaction of C$58,406.00. Insiders have acquired a total of 34,488 shares of company stock worth $364,478 over the last 90 days.

TSE CAS opened at C$11.29 on Friday. Cascades has a one year low of C$9.88 and a one year high of C$16.67. The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 98.28.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, November 8th. The company reported C$0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.38 by C$0.01. The business had revenue of C$1.17 billion during the quarter, compared to analyst estimates of C$1.19 billion. As a group, analysts anticipate that Cascades will post 1.50000000661959 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Wednesday, December 5th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.42%. Cascades’s dividend payout ratio (DPR) is 8.65%.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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Analyst Recommendations for Cascades (TSE:CAS)

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