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

Key Points

• Analysts rate Cascades a “Moderate Buy.” Five analysts recommend buying the stock, one rates it a strong buy and two recommend holding it; the average 12-month price target is C$16.50.
• Recent analyst actions were broadly positive, with RBC, Scotia, National Bank and TD raising their price targets, while CIBC upgraded Cascades to “strong buy.” Targets now range as high as C$20.50.
• Cascades reported quarterly EPS of C$0.24 on revenue of C$1.22 billion and announced a quarterly dividend of C$0.12 per share, representing a 2.8% annualized yield. Two insiders recently sold shares, though insiders still own 23.78% of the company.

Cascades Inc. (TSE:CAS - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$16.50.

Several equities research analysts have recently commented on CAS shares. Royal Bank Of Canada upped their price target on Cascades from C$15.00 to C$18.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded shares of Cascades from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. Scotia raised 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 note on Friday, August 14th. National Bank Financial lifted their target price on shares of Cascades from C$13.00 to C$17.00 and gave the company a "sector perform" rating in a report on Monday, August 10th. Finally, TD increased their price target on shares of Cascades from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th.

Insider Activity at Cascades

In related news, 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 directly owned 21,997 shares in the company, valued at C$380,548.10. The trade was a 19.22% decrease in their ownership of the stock. Also, insider Allan Hogg sold 17,684 shares of Cascades stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$17.50, for a total value of C$309,470.00. Following the completion of the sale, the insider owned 112,056 shares in the company, valued at approximately C$1,960,980. This trade represents a 13.63% decrease in their ownership of the stock. 23.78% of the stock is owned by company insiders.

Cascades Stock Performance

TSE CAS opened at C$17.25 on Friday. 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 has a 52-week low of C$9.35 and a 52-week high of C$17.97. The business's 50-day moving average price is C$13.30 and its 200 day moving average price is C$12.15. The firm has a market cap of C$1.75 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.56 and a beta of 1.04.

Cascades (TSE:CAS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%.The firm had revenue of C$1.22 billion for the quarter. On average, equities research analysts expect that Cascades will post 1.2959309 earnings per share for the current year.

Cascades Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 20th. Cascades's dividend payout ratio is 38.71%.

About Cascades

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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