Cascades (TSE:CAS) Price Target Raised to C$20.00

by · The Markets Daily

Cascades (TSE:CAS – Free Report) had its price target lifted by TD from C$19.00 to C$20.00 in a research report report published on Wednesday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on CAS. Scotia boosted their target price on shares of Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce raised their price target on shares of Cascades from C$17.50 to C$23.00 in a report on Wednesday, September 30th. Desjardins lifted their price target on shares of Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. National Bank Financial lifted their price target on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Cascades currently has an average rating of “Moderate Buy” and a consensus target price of C$18.38.

Get Our Latest Stock Report on CAS

Cascades Stock Up 0.7%

TSE CAS opened at C$18.01 on Wednesday. The stock has a market cap of C$1.83 billion, a PE ratio of 14.52, a P/E/G ratio of 0.56 and a beta of 1.03. Cascades has a fifty-two week low of C$9.77 and a fifty-two week high of C$18.86. The business has a 50 day moving average price of C$17.32 and a two-hundred day moving average price of C$13.54. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08.

Cascades (TSE:CAS – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$1.22 billion during the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. As a group, sell-side analysts predict that Cascades will post 1.30 EPS for the current fiscal year.

Cascades Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 20th. Cascades’s dividend payout ratio (DPR) is 38.71%.

Insider Buying and Selling at Cascades

In other Cascades news, insider Emmanuelle Migneault sold 3,298 shares of Cascades stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the sale, the insider directly owned 10,203 shares in the company, valued at C$186,000.69. The trade was a 24.43% decrease in their position. Also, insider Jérôme Nadeau sold 5,234 shares of Cascades stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total value of C$90,548.20. Following the sale, the insider owned 21,997 shares in the company, valued at C$380,548.10. This represents a 19.22% decrease in their ownership of the stock. Insiders sold a total of 27,395 shares of company stock worth $480,844 in the last 90 days. 23.78% of the stock is owned by corporate insiders.

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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