Analysts Set Cascades Inc. (TSE:CAS) PT at C$11.67

Cascades Inc. (TSE:CAS - Get Free Report) has received an average rating of "Hold" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$11.67.

A number of equities analysts have issued reports on the stock. Scotiabank cut their price objective on shares of Cascades from C$13.50 to C$12.00 and set a "sector perform" rating on the stock in a report on Wednesday. TD Securities cut their price target on shares of Cascades from C$12.00 to C$11.00 and set a "buy" rating on the stock in a report on Tuesday, April 16th. CIBC cut their price target on shares of Cascades from C$14.00 to C$12.00 in a report on Thursday, April 11th. National Bankshares cut their price target on shares of Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. Finally, Desjardins cut 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 report on Thursday, March 28th.

Cascades Stock Down 1.3 %

CAS traded down C$0.12 during mid-day trading on Wednesday, reaching C$9.30. 243,791 shares of the stock were exchanged, compared to its average volume of 267,558. The company has a debt-to-equity ratio of 108.76, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market capitalization of C$936.60 million, a PE ratio of -12.26, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06. The company has a 50 day moving average price of C$10.40 and a two-hundred day moving average price of C$11.88. Cascades has a 1 year low of C$9.14 and a 1 year high of C$15.00.

Cascades (TSE:CAS - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 2.86% and a negative net margin of 1.64%. As a group, research analysts anticipate that Cascades will post 0.8298611 EPS for the current year.

Cascades Increases Dividend

The company also recently disclosed a 1 dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, March 21st were paid a $0.48 dividend. This is a boost from Cascades's previous 1 dividend of $0.12. This represents a yield of 4.66%. The ex-dividend date was Thursday, March 21st. Cascades's payout ratio is currently -63.16%.

About Cascades

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.