Desjardins Has Lowered Expectations for Cascades (TSE:CAS) Stock Price

Key Points

• Desjardins has lowered its price target for Cascades (TSE:CAS) from C$11.00 to C$10.50, maintaining a "hold" rating, which suggests a potential upside of 7.91% from the current stock price.
• Other analysts have also adjusted their targets, with CIBC cutting theirs to C$10.00, while National Bankshares lowered theirs to C$11.00, comparing various ratings among multiple firms.
• Recent trading saw Cascades' shares decline by 1.3% to C$9.73, with notable insider activity as directors sold significant volumes of shares in recent transactions.

Cascades (TSE:CAS - Get Free Report) had its price objective decreased by investment analysts at Desjardins from C$11.00 to C$10.50 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Desjardins' price target suggests a potential upside of 7.91% from the stock's current price. Desjardins also issued estimates for Cascades' Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.78 EPS and FY2026 earnings at $1.20 EPS.

Several other equities analysts have also issued reports on the company. CIBC reduced their target price on Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. National Bankshares lowered their price target on Cascades from C$14.00 to C$11.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada lifted their price objective on Cascades from C$10.00 to C$11.00 and gave the stock a "sector perform" rating in a report on Friday. Finally, TD Securities lifted their price objective on Cascades from C$9.50 to C$10.00 and gave the company a "hold" rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$11.33.

Cascades Trading Down 1.3%

Shares of TSE CAS traded down C$0.13 during trading on Monday, reaching C$9.73. The company had a trading volume of 105,946 shares, compared to its average volume of 248,089. The company's fifty day moving average price is C$9.17 and its 200-day moving average price is C$9.87. Cascades has a 12 month low of C$8.30 and a 12 month high of C$13.42. The stock has a market cap of C$984.20 million, a P/E ratio of -13.12, 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.

Insider Activity at Cascades

In related news, Director Alain Lemaire sold 74,608 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$8.90, for a total value of C$664,011.20. Also, Senior Officer Maryse Fernet sold 10,054 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of C$9.35, for a total transaction of C$94,004.90. Insiders sold 119,911 shares of company stock worth $1,068,804 over the last 90 days. 23.78% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.