Cascades Inc. (TSE:CAS - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as C$9.23 and last traded at C$9.17, with a volume of 101031 shares trading hands. The stock had previously closed at C$9.27.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. National Bankshares dropped their price objective on shares of Cascades from C$13.50 to C$11.00 in a research note on Thursday, April 11th. TD Securities dropped their price objective on shares of Cascades from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research note on Tuesday. CIBC dropped their price target on shares of Cascades from C$14.00 to C$12.00 in a research note on Thursday, April 11th. Desjardins dropped their price target on shares of Cascades from C$14.50 to C$13.00 and set a "hold" rating on the stock in a research note on Thursday, March 28th. Finally, Royal Bank of Canada downgraded shares of Cascades from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$15.00 to C$14.00 in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$12.20.
Check Out Our Latest Report on CAS
Cascades Stock Down 0.9 %
The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 108.76. The firm has a market cap of C$925.52 million, a PE ratio of -12.09, a P/E/G ratio of 0.56 and a beta of 0.06. The firm's 50 day moving average is C$10.69 and its 200-day moving average is C$11.94.
Cascades (TSE:CAS - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.25). The firm had revenue of C$1.14 billion for the quarter, compared to analysts' expectations of C$1.22 billion. Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. As a group, equities research analysts expect that Cascades Inc. will post 0.8298611 earnings per share for the current fiscal year.
Cascades Increases Dividend
The business also recently declared a 1 dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, March 21st were given a dividend of $0.48 per share. This is a positive change from Cascades's previous 1 dividend of $0.12. The ex-dividend date was Thursday, March 21st. This represents a yield of 4.66%. Cascades's dividend payout ratio is -63.16%.
About Cascades
(
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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.
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