Cascades Inc (TSE:CAS) was up 8.3% on Wednesday . The company traded as high as C$9.71 and last traded at C$9.67. Approximately 165,858 shares changed hands during trading, a decline of 24% from the average daily volume of 219,220 shares. The stock had previously closed at C$8.93.
CAS has been the topic of a number of research analyst reports. National Bank Financial increased their price objective on shares of Cascades from C$9.00 to C$10.00 and gave the company a “sector perform” rating in a research note on Friday, May 10th. CIBC reduced their price objective on shares of Cascades from C$11.00 to C$10.00 in a research note on Tuesday, March 5th. Royal Bank of Canada reduced their price objective on shares of Cascades from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Finally, TD Securities increased their price objective on shares of Cascades from C$10.00 to C$10.50 and gave the company a “hold” rating in a research note on Friday, May 10th.
The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 119.03. The company has a market cap of $886.71 million and a P/E ratio of 48.27.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.16 dividend on an annualized basis and a yield of 1.64%. Cascades’s dividend payout ratio (DPR) is 79.21%.
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Cascades Company Profile (TSE:CAS)
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.
Further Reading: P/E Growth (PEG)
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