Cascades (TSE:CAS) Raised to "Strong-Buy" at TD Securities

Key Points

• Cascades has been upgraded to a "Strong-Buy" rating by TD Securities, indicating increased confidence in the company's stock performance.
• Despite the upgrade, analysts from Desjardins lowered their price objective from C$11.00 to C$10.50, suggesting mixed sentiments among different analysts.
• Cascades has a market capitalization of C$1.04 billion and a current ratio of 1.22, reflecting its financial stability in the market.

Cascades (TSE:CAS - Get Free Report) was upgraded by TD Securities from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Friday,Zacks.com reports.

CAS has been the subject of several other research reports. Desjardins decreased their price objective on Cascades from C$11.00 to C$10.50 and set a "hold" rating for the company in a report on Monday, August 11th. Royal Bank Of Canada boosted their price objective on Cascades from C$10.00 to C$11.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$11.33.

Cascades Stock Performance

Shares of CAS opened at C$10.31 on Friday. The stock has a 50-day moving average of C$9.79 and a two-hundred day moving average of C$9.32. Cascades has a one year low of C$8.30 and a one year high of C$13.42. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. The stock has a market cap of C$1.04 billion, a P/E ratio of -128.88, a P/E/G ratio of 0.56 and a beta of 0.95.

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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