Cascades Inc. (TSE:CAS - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as C$8.72 and last traded at C$8.83, with a volume of 188132 shares trading hands. The stock had previously closed at C$8.94.
Wall Street Analyst Weigh In
CAS has been the topic of several recent analyst reports. CIBC reduced their target price on Cascades from C$13.00 to C$10.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their target price on shares of Cascades from C$13.00 to C$11.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. Scotiabank raised shares of Cascades from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. National Bankshares reduced their target price on Cascades from C$14.00 to C$11.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Finally, TD Securities decreased their price objective on shares of Cascades from C$16.00 to C$12.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$11.90.
View Our Latest Analysis on Cascades
Cascades Stock Up 0.7 %
The business has a 50-day simple moving average of C$9.63 and a 200-day simple moving average of C$11.11. The stock has a market cap of C$896.20 million, a P/E ratio of -11.95, a PEG ratio of 0.56 and a beta of 0.15. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Thursday, March 6th. Cascades's payout ratio is presently -64.73%.
Insider Buying and Selling
In related news, Senior Officer Luc Langevin sold 9,000 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$9.82, for a total value of C$88,380.00. 23.78% of the stock is owned by corporate insiders.
About Cascades
(
Get Free Report)
Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.
See Also
Before you consider Cascades, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cascades wasn't on the list.
While Cascades currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
