Cascades Inc. (TSE:CAS - Get Free Report) shares hit a new 52-week low during trading on Thursday after Scotiabank lowered their price target on the stock from C$13.50 to C$12.00. Scotiabank currently has a sector perform rating on the stock. Cascades traded as low as C$9.10 and last traded at C$9.20, with a volume of 37316 shares. The stock had previously closed at C$9.30.
A number of other research analysts have also recently issued reports on the stock. National Bankshares cut their target price on shares of Cascades from C$13.50 to C$11.00 in a research note on Thursday, April 11th. Desjardins cut their target price on shares of Cascades from C$14.50 to C$13.00 and set a "hold" rating for the company in a research note on Thursday, March 28th. CIBC cut their target price on shares of Cascades from C$14.00 to C$12.00 in a research note on Thursday, April 11th. Royal Bank of Canada lowered their price target on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating for the company in a report on Friday, April 19th. Finally, TD Securities lowered their price target on shares of Cascades from C$12.00 to C$11.00 and set a "buy" rating for the company in a report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$11.67.
Read Our Latest Research Report on CAS
Cascades Stock Down 1.2 %
The business's fifty day simple moving average is C$10.31 and its 200 day simple moving average is C$11.87. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 108.76. The stock has a market cap of C$925.52 million, a price-to-earnings ratio of -12.13, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06.
Cascades (TSE:CAS - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing analysts' consensus estimates of C$0.30 by C($0.25). Cascades had a negative return on equity of 2.86% and a negative net margin of 1.64%. The business had revenue of C$1.14 billion for the quarter, compared to analyst estimates of C$1.22 billion. Equities analysts forecast that Cascades Inc. will post 0.8298611 earnings per share for the current fiscal year.
Cascades Increases Dividend
The company also recently declared a 1 dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, March 21st were given a dividend of $0.48 per share. This represents a dividend yield of 4.66%. This is a boost from Cascades's previous 1 dividend of $0.12. The ex-dividend date was Thursday, March 21st. Cascades's dividend payout ratio (DPR) is currently -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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