Cascades (TSE:CAS) Insider Emmanuelle Migneault Sells 3,298 Shares of Company Stock

Key Points

• Insider sale: Emmanuelle Migneault sold 3,298 Cascades shares at an average price of C$18.23, generating C$60,122.54 and reducing her ownership by 24.43% to 10,203 shares.
• Stock performance: Cascades shares traded at C$18.56, near their 52-week high of C$18.86, with a market capitalization of approximately C$1.88 billion.
• Investor outlook: The company reported quarterly revenue of C$1.22 billion and EPS of C$0.24, pays a C$0.12 quarterly dividend yielding about 2.6%, and has a consensus analyst rating of “Moderate Buy” with a C$16.50 target price.

Cascades Inc. (TSE:CAS - Get Free Report) insider Emmanuelle Migneault sold 3,298 shares of the firm's stock in a transaction dated Monday, September 28th. The shares were sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the completion of the sale, the insider owned 10,203 shares of the company's stock, valued at C$186,000.69. This trade represents a 24.43% decrease in their ownership of the stock.

Cascades Stock Performance

TSE:CAS traded up C$0.11 on Tuesday, hitting C$18.56. The company's stock had a trading volume of 265,077 shares, compared to its average volume of 321,786. Cascades Inc. has a one year low of C$9.35 and a one year high of C$18.86. The firm has a market capitalization of C$1.88 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. The stock has a fifty day moving average of C$16.16 and a two-hundred day moving average of C$12.90. 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 earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share 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%. Research analysts predict that Cascades Inc. will post 1.2959309 earnings per share for the current year.

Cascades Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. Cascades's payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CAS. Royal Bank Of Canada increased their target price on Cascades from C$15.00 to C$18.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Desjardins raised their target price on shares of Cascades from C$13.00 to C$19.00 and gave the company a "hold" rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded shares of Cascades from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. Scotia increased their price target on shares of Cascades from C$16.00 to C$20.50 and gave the stock a "sector outperform" rating in a research report on Friday, August 14th. Finally, TD boosted their price objective on shares of Cascades from C$13.00 to C$15.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cascades presently has an average rating of "Moderate Buy" and a consensus target price of C$16.50.

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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