Cascades Inc. (TSE:CAS - Get Free Report) Director Jean-David Tardif sold 5,753 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$9.16, for a total transaction of C$52,697.48.
Cascades Stock Performance
CAS traded up C$0.07 during trading hours on Tuesday, hitting C$9.28. 313,622 shares of the stock were exchanged, compared to its average volume of 270,589. The stock has a market cap of C$938.68 million, a price-to-earnings ratio of -12.52, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The stock has a 50-day simple moving average of C$8.96 and a 200-day simple moving average of C$10.75. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86. Cascades Inc. has a 12 month low of C$8.30 and a 12 month high of C$13.42.
Cascades Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, June 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.48 annualized dividend and a yield of 5.17%. Cascades's dividend payout ratio is presently -64.73%.
Analyst Ratings Changes
Several equities research analysts have recently commented on CAS shares. Royal Bank of Canada decreased their price target on Cascades from C$13.00 to C$11.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. CIBC reduced their price objective on shares of Cascades from C$13.00 to C$10.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. TD Securities downgraded shares of Cascades from a "buy" rating to a "hold" rating and lowered their target price for the company from C$12.00 to C$9.50 in a report on Friday, May 9th. Finally, National Bankshares reduced their target price on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$11.40.
Check Out Our Latest Analysis on Cascades
Cascades Company Profile
(
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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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