Cascades (TSE:CAS) Price Target Raised to C$18.00

by · The Cerbat Gem

Cascades (TSE:CAS – Free Report) had its price target upped by Royal Bank Of Canada from C$15.00 to C$18.00 in a report issued on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. National Bank Financial reduced their price target on Cascades from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce raised Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Scotiabank dropped their target price on Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a research note on Monday, April 13th. TD increased their target price on Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Desjardins reduced their target price on Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$15.93.

View Our Latest Stock Report on Cascades

Cascades Stock Performance

TSE:CAS opened at C$17.32 on Monday. The firm has a 50 day simple moving average of C$12.48 and a 200-day simple moving average of C$11.97. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. The firm has a market cap of C$1.76 billion, a PE ratio of 13.97, a P/E/G ratio of 0.56 and a beta of 1.04. Cascades has a 1-year low of C$9.35 and a 1-year high of C$17.53.

Cascades (TSE:CAS – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm had revenue of C$1.22 billion for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. On average, equities analysts expect that Cascades will post 1.2959309 EPS for the current year.

Cascades Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. Cascades’s dividend payout ratio (DPR) is currently 38.71%.

Cascades Company Profile

(Get Free Report)

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.

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