Cascades Inc. (TSE:CAS) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Cascades Inc. has received an average recommendation of "Hold" from six brokerages, with five analysts rating it as hold and one giving a strong buy.
• The average 1-year target price for Cascades stock is C$11.33, after several adjustments from various research firms.
• Cascades recently announced a $0.12 quarterly dividend which offers a yield of 5.0%, but it also reported a payout ratio of -600.00%.

Cascades Inc. (TSE:CAS - Get Free Report) has been given an average recommendation of "Hold" by the six brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$11.33.

Several research firms have commented on CAS. Royal Bank Of Canada boosted their target price on Cascades from C$10.00 to C$11.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Desjardins dropped their target price on Cascades from C$11.00 to C$10.50 and set a "hold" rating on the stock in a report on Monday, August 11th. Finally, TD Securities boosted their target price on Cascades from C$9.50 to C$10.00 and gave the stock a "hold" rating in a report on Friday, August 8th.

Cascades Stock Performance

Cascades stock opened at C$9.56 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. The business's fifty day simple moving average is C$9.66 and its two-hundred day simple moving average is C$9.34. Cascades has a 12 month low of C$8.30 and a 12 month high of C$13.42. The company has a market capitalization of C$968.02 million, a price-to-earnings ratio of -119.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, August 21st. Cascades's payout ratio is -600.00%.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.

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