National Bank Financial Has Lowered Expectations for Cascades (TSE:CAS) Stock Price

Key Points

• National Bank Financial cut its price target on Cascades to C$14.00 (from C$15.00) and kept a "sector perform" rating, implying about a 29.51% upside from the current share price.
• Analyst coverage is mixed — three Buy and three Hold ratings — producing a consensus rating of "Moderate Buy" and an average target price of C$14.25.
• Cascades shares traded at C$10.81 with a 12‑month range of C$8.30–C$14.20; the company has a market cap of ~C$1.10 billion and a P/E of 15.67.

Cascades (TSE:CAS - Get Free Report) had its price objective cut by equities researchers at National Bank Financial from C$15.00 to C$14.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price objective points to a potential upside of 29.51% from the company's current price.

Other equities research analysts have also issued research reports about the company. TD Securities lowered their target price on Cascades from C$16.00 to C$15.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Scotiabank boosted their target price on Cascades from C$13.50 to C$16.00 and gave the company an "outperform" rating in a research note on Tuesday, January 27th. Royal Bank Of Canada boosted their target price on Cascades from C$14.00 to C$16.00 and gave the company an "outperform" rating in a research note on Thursday, December 18th. Finally, Desjardins lowered their target price on Cascades from C$15.00 to C$13.00 and set a "hold" rating for the company in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$14.25.

Cascades Price Performance

Shares of CAS traded up C$0.12 during midday trading on Monday, reaching C$10.81. The stock had a trading volume of 83,795 shares, compared to its average volume of 209,319. The company's 50-day moving average is C$12.24 and its 200 day moving average is C$12.00. Cascades has a 12-month low of C$8.30 and a 12-month high of C$14.20. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 112.96. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

Cascades (TSE:CAS - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%.The firm had revenue of C$1.20 billion during the quarter. On average, equities analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

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. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.

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