Cascades Inc. (TSE:CAS) Given Consensus Recommendation of "Hold" by Analysts

Cascades Inc. (TSE:CAS - Get Free Report) has earned a consensus recommendation of "Hold" from the six analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$11.83.

Several analysts have commented on the stock. Desjardins lowered their price objective on shares of Cascades from C$14.50 to C$13.00 and set a "hold" rating for the company in a report on Thursday, March 28th. Royal Bank of Canada raised their price objective on Cascades from C$11.00 to C$12.00 in a research note on Friday, May 10th. TD Securities decreased their target price on Cascades from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research note on Tuesday, April 16th. 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. Finally, CIBC decreased their price target on shares of Cascades from C$14.00 to C$12.00 in a research note on Thursday, April 11th.

Cascades Stock Down 2.7 %

Shares of TSE:CAS traded down C$0.27 during mid-day trading on Friday, hitting C$9.81. 299,752 shares of the company traded hands, compared to its average volume of 258,413. Cascades has a 12-month low of C$9.10 and a 12-month high of C$15.00. The stock has a market cap of C$987.97 million, a P/E ratio of -12.91, a P/E/G ratio of 0.56 and a beta of 0.06. The stock has a 50-day moving average price of C$9.64 and a two-hundred day moving average price of C$11.66. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 108.76.

Cascades (TSE:CAS - Get Free Report) last issued its earnings results 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). Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. The business had revenue of C$1.14 billion for the quarter, compared to the consensus estimate of C$1.22 billion. On average, equities research analysts forecast that Cascades will post 0.5796652 earnings per share for the current year.

Cascades Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, June 6th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, June 6th. Cascades's payout ratio is -63.16%.

Cascades Company Profile

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.