Cascades Inc. (TSE:CAS) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Cascades Inc. has received a consensus rating of "Moderate Buy" from six research firms, with recommendations ranging from hold to strong buy.
• The average 1-year target price for Cascades shares is C$11.67, while its recent trading price was C$11.35.
• Cascades announced a quarterly dividend of $0.12 per share, reflecting a 4.2% annual yield, despite a negative payout ratio.

Shares of Cascades Inc. (TSE:CAS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given 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$11.67.

CAS has been the subject of several recent research reports. TD Securities raised shares of Cascades from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 17th. Desjardins decreased their price target on shares of Cascades from C$11.00 to C$10.50 and set a "hold" rating for the company in a research report on Monday, August 11th. Finally, Royal Bank Of Canada upgraded Cascades from a "hold" rating to a "moderate buy" rating and lifted their target price for the company from C$11.00 to C$13.00 in a report on Monday, October 20th.

Cascades Trading Up 0.1%

CAS opened at C$11.35 on Friday. Cascades has a 52 week low of C$8.30 and a 52 week high of C$13.42. The business has a fifty day simple moving average of C$9.94 and a 200-day simple moving average of C$9.38. The firm has a market cap of C$1.15 billion, a P/E ratio of -141.88, a P/E/G ratio of 0.56 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37.

Cascades Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, August 21st. Cascades's dividend payout ratio is -600.00%.

About Cascades

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.