Cascades Inc. (TSE:CAS - Get Free Report) Director Alex Nick Blanco acquired 7,331 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average cost of C$9.32 per share, with a total value of C$68,328.74.
Cascades Stock Up 0.6%
Shares of TSE CAS traded up C$0.06 during mid-day trading on Thursday, reaching C$9.42. The company had a trading volume of 96,240 shares, compared to its average volume of 270,030. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. The company has a market capitalization of C$952.84 million, a price-to-earnings ratio of -12.70, a PEG ratio of 0.56 and a beta of 0.15. The stock has a fifty day moving average of C$8.95 and a two-hundred day moving average of C$10.73. Cascades Inc. has a 12-month low of C$8.30 and a 12-month high of C$13.42.
Cascades Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th were paid a $0.12 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 5.10%. Cascades's dividend payout ratio (DPR) is currently -64.73%.
Analyst Upgrades and Downgrades
CAS has been the topic of several analyst reports. National Bankshares dropped their price target on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada decreased their price objective on Cascades from C$13.00 to C$11.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd. TD Securities downgraded Cascades from a "buy" rating to a "hold" rating and cut their target price for the company from C$12.00 to C$9.50 in a research note on Friday, May 9th. Finally, CIBC reduced their price target on Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$11.40.
Read Our Latest Stock Analysis on CAS
Cascades Company Profile
(
Get Free Report)
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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