Cascades Inc. (TSE:CAS) Stock Has Consensus Price Target of C$17.75

Key Points

• Cascades has a “Moderate Buy” consensus from eight analysts, with five buy ratings, one strong buy and two holds. The average 12-month price target is C$17.75.
• The stock opened at C$17.73, near the consensus target, with a C$1.80 billion market capitalization. In its latest quarter, Cascades reported C$0.24 EPS on C$1.22 billion in revenue and maintains a 2.7% dividend yield.
• Insiders sold 27,395 shares worth approximately C$480,844 over the past 90 days, although company insiders still own 23.78% of the stock.

Cascades Inc. (TSE:CAS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$17.75.

CAS has been the subject of a number of analyst reports. Scotia increased their price objective on Cascades from C$16.00 to C$20.50 and gave the company a "sector outperform" rating in a research note on Friday, August 14th. TD lifted their target price on shares of Cascades from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. National Bank Financial upped their price target 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. Desjardins increased their price target on shares of Cascades from C$13.00 to C$19.00 and gave the company a "hold" rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada increased their price target on shares of Cascades from C$15.00 to C$18.00 and gave the company an "outperform" rating in a research report on Monday, August 10th.

Cascades Trading Up 1.5%

TSE CAS opened at C$17.73 on Friday. The firm has a market cap of C$1.80 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. Cascades has a 1-year low of C$9.35 and a 1-year high of C$18.86. The stock has a 50-day moving average of C$17.02 and a 200-day moving average of C$13.32. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08.

Cascades (TSE:CAS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. The business had revenue of C$1.22 billion for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%. As a group, sell-side analysts forecast that Cascades will post 1.30 EPS for the current year.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 20th. Cascades's dividend payout ratio is 38.71%.

Insider Transactions at Cascades

In related news, insider Allan Hogg sold 17,684 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total value of C$309,470.00. Following the sale, the insider directly owned 112,056 shares of the company's stock, valued at C$1,960,980. This trade represents a 13.63% decrease in their ownership of the stock. Also, insider Jérôme Nadeau sold 5,234 shares of the firm's stock in a transaction dated 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 completion of 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. Over the last ninety days, insiders sold 27,395 shares of company stock worth $480,844. Company insiders own 23.78% of the company's stock.

Cascades Company Profile

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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