Cascades (TSE:CAS) Price Target Cut to C$13.00 by Analysts at TD

Key Points

• TD cut its target price on Cascades from C$14.00 to C$13.00 but kept a "buy" rating; multiple brokers have trimmed targets recently, leaving the consensus as a Moderate Buy with an average target of C$13.64.
• Cascades last traded at C$10.80, implying roughly a 20.37% upside to TD's target; the company reported Q1 EPS of C$0.07 on C$1.13 billion revenue and trades at a P/E of 15.65 with a market cap near C$1.09 billion.

Cascades (TSE:CAS - Get Free Report) had its target price dropped by equities researchers at TD from C$14.00 to C$13.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD's target price points to a potential upside of 20.37% from the stock's previous close.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada dropped their target price on Cascades from C$16.00 to C$15.00 and set an "outperform" rating for the company in a report on Thursday, April 16th. Desjardins dropped their price target on shares of Cascades from C$15.00 to C$13.00 and set a "hold" rating for the company in a research note on Monday, April 13th. National Bank Financial dropped their price target on shares of Cascades from C$15.00 to C$14.00 and set a "sector perform" rating for the company in a research note on Monday, April 13th. Scotiabank dropped their price target on shares of Cascades from C$16.75 to C$14.50 and set an "outperform" rating for the company in a research note on Monday, April 13th. Finally, TD Securities dropped their price target on shares of Cascades from C$16.00 to C$15.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$13.64.

Cascades Trading Up 1.0%

TSE:CAS traded up C$0.11 during trading hours on Friday, hitting C$10.80. The company had a trading volume of 291,865 shares, compared to its average volume of 211,962. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 112.96. The company has a 50-day moving average of C$11.29 and a 200 day moving average of C$12.13. The company has a market cap of C$1.09 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.56 and a beta of 1.07. Cascades has a 1 year low of C$8.30 and a 1 year high of C$14.20.

Cascades (TSE:CAS - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$1.13 billion during the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%. Sell-side analysts expect that Cascades will post 1.2959309 earnings per share for the current year.

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. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.

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