Cascades Inc. (TSE:CAS - Get Free Report) Senior Officer Maryse Fernet sold 10,054 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$9.35, for a total transaction of C$94,004.90.
Cascades Price Performance
CAS traded down C$0.14 during midday trading on Friday, hitting C$9.27. 298,359 shares of the company traded hands, compared to its average volume of 271,185. The business has a 50 day simple moving average of C$8.96 and a two-hundred day simple moving average of C$10.70. Cascades Inc. has a 52-week low of C$8.30 and a 52-week high of C$13.42. The company has a market capitalization of C$937.67 million, a price-to-earnings ratio of -12.50, a PEG ratio of 0.56 and a beta of 0.15. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37.
Cascades Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Thursday, May 22nd. Cascades's dividend payout ratio (DPR) is -64.73%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. National Bankshares decreased their target price on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. TD Securities cut Cascades from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$12.00 to C$9.50 in a report on Friday, May 9th. CIBC dropped their target price on Cascades from C$13.00 to C$10.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, 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. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$11.40.
Check Out Our Latest Research Report on Cascades
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
