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Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
TSE:CAS

Cascades - CAS Stock Forecast, Price & News

C$9.60
-0.01 (-0.10%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$9.49
C$9.71
50-Day Range
C$8.60
C$10.59
52-Week Range
C$8.50
C$16.45
Volume
462,220 shs
Average Volume
283,794 shs
Market Capitalization
C$967.89 million
P/E Ratio
6.76
Dividend Yield
5.01%
Price Target
C$13.31

Cascades MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
38.7% Upside
C$13.31 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.20mentions of Cascades in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
C$2.19 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

CAS stock logo

About Cascades (TSE:CAS) Stock

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 manufactures containerboards, as well as converts corrugated products. The company also offers uncoated recycled paperboards for use in packaging converters and industrial users of headers and wrappers for the paper industry, as well as partitions that are used as protective packaging; honeycomb paperboards for the beer, wine, and spirits industry; laminated paperboards for food packaging and furniture backing industries; and specialty containers, structural components, and paperboard and fiber composites. In addition, it provides egg filler flats and egg cartons for egg processors and four-cup carriers for the quick-service restaurant industry; polystyrene foam trays for processors and retailers in the food industry; rigid plastic packaging products for food industry, processors, and retailers; and flexible films for frozen foods, bakery, and ice industries. Further, the company offers bathroom and facial tissues, paper towels, paper hand towels and napkins, and other related products and services under the Cascades PRO Signature, Cascades PRO Perform, Cascades PRO Select, Cascades PRO Tandem, and Cascades PRO Tuff-Job brands; and under the Cascades Fluff, Cascades Tuff, and Satin Soft labels, as well as private labels and other secondary marks. Additionally, it offers services to recover and process discarded materials for the municipal, industrial, commercial, and institutional sectors. The company sells its products through own sales force and external representatives. Cascades Inc. was incorporated in 1964 and is headquartered in Kingsey Falls, Canada.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAS shares. CIBC cut their price objective on Cascades from C$14.00 to C$11.00 and set a "neutral" rating for the company in a research report on Monday, May 16th. Scotiabank decreased their target price on Cascades from C$17.00 to C$15.00 in a research report on Friday, August 5th. National Bank Financial lowered Cascades from an "outperform overweight" rating to a "sector perform overweight" rating in a research note on Thursday, August 4th. BMO Capital Markets reduced their price objective on Cascades from C$20.00 to C$17.00 in a research report on Friday, May 13th. Finally, TD Securities lowered their price objective on Cascades from C$14.00 to C$10.50 and set a "hold" rating on the stock in a research report on Friday, May 13th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$13.31.

Cascades Price Performance

TSE:CAS traded down C$0.01 during trading hours on Friday, reaching C$9.60. The company had a trading volume of 462,220 shares, compared to its average volume of 283,794. The firm has a market capitalization of C$967.89 million and a PE ratio of 6.76. The company has a quick ratio of 0.86, a current ratio of 1.60 and a debt-to-equity ratio of 91.81. The stock has a 50-day moving average of C$9.82 and a two-hundred day moving average of C$11.52. Cascades has a one year low of C$8.50 and a one year high of C$16.45.

Cascades (TSE:CAS - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported C$0.10 EPS for the quarter, beating analysts' consensus estimates of C$0.06 by C$0.04. The firm had revenue of C$1.12 billion during the quarter, compared to the consensus estimate of C$1.07 billion. Analysts forecast that Cascades will post 1.1299999 earnings per share for the current year.

Cascades Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, September 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Tuesday, August 16th. Cascades's dividend payout ratio (DPR) is presently 33.80%.

Insider Transactions at Cascades

In related news, Director Alain Lemaire sold 160,338 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of C$10.05, for a total value of C$1,611,396.90. Following the transaction, the director now directly owns 527,565 shares in the company, valued at C$5,302,028.25. In related news, Senior Officer Robert F. Hall sold 56,150 shares of the business's stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of C$10.21, for a total transaction of C$573,291.50. Following the completion of the transaction, the insider now owns 276,977 shares in the company, valued at C$2,827,935.17. Also, Director Alain Lemaire sold 160,338 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of C$10.05, for a total transaction of C$1,611,396.90. Following the completion of the sale, the director now owns 527,565 shares in the company, valued at C$5,302,028.25. In the last quarter, insiders acquired 13,650 shares of company stock worth $117,737 and sold 216,764 shares worth $2,187,531.

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CAS Stock News Headlines

Cascades (TSE:CAS) Will Pay A Dividend Of CA$0.12
Scotiabank Lowers Cascades (TSE:CAS) Price Target to C$15.00
Cascades (TSE:CAS) Downgraded by National Bank Financial
Cascades (TSE:CAS) Cut to "Hold" at Royal Bank of Canada
Cascades (TSE:CAS) Shares Down 5.1%
See More Headlines
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CAS Company Calendar

Ex-Dividend for 6/9 Dividend
5/25/2022
Dividend Payable
6/09/2022
Last Earnings
8/04/2022
Today
8/14/2022
Ex-Dividend for 9/1 Dividend
8/16/2022
Dividend Payable
9/01/2022
Next Earnings (4)
2/23/2023

Industry, Sector and Symbol

Industry
Paper & Paper Products
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
9,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$13.31
High Stock Price Forecast
C$19.50
Low Stock Price Forecast
C$10.00
Forecasted Upside/Downside
+38.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.22 billion
Cash Flow
C$0.69 per share
Book Value
C$18.76 per share

Miscellaneous

Free Float
N/A
Market Cap
C$967.89 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Dr. Alain Lemaire Ph.D. (Age 75)
    Co-Founder & Exec. Chairman
    Comp: $713.92k
  • Mr. Mario Plourde (Age 61)
    Pres, CEO & Non-Independent Director
    Comp: $3.19M
  • Mr. Allan Hogg CA
    VP & CFO
  • Mr. Robert F. Hall (Age 65)
    Chief of Strategy, Legal Affairs & Corp. Sec.
    Comp: $1.22M
  • Mr. Luc Langevin
    Pres & COO of the Cascades Specialty Products Group
  • Mr. Charles Malo (Age 56)
    Pres & COO of Containerboard Packaging Group
    Comp: $1.17M
  • Mr. Dominic Doré
    Chief Supply Chain & Information Officer
  • Ms. Jennifer Aitken
    Director of Investor Relations
  • Mr. Hugo D'Amours
    Vice-Pres, Communications, Public Affairs & Sustainable Devel.
  • Mr. Riko Gaudreault CFA
    ASA, VP of Corp. Devel.













CAS Stock - Frequently Asked Questions

Should I buy or sell Cascades stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cascades in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CAS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAS, but not buy additional shares or sell existing shares.
View CAS analyst ratings
or view top-rated stocks.

What is Cascades' stock price forecast for 2022?

5 analysts have issued twelve-month target prices for Cascades' stock. Their CAS share price forecasts range from C$10.00 to C$19.50. On average, they expect the company's share price to reach C$13.31 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price.
View analysts price targets for CAS
or view top-rated stocks among Wall Street analysts.

How have CAS shares performed in 2022?

Cascades' stock was trading at C$13.97 at the beginning of 2022. Since then, CAS stock has decreased by 31.3% and is now trading at C$9.60.
View the best growth stocks for 2022 here
.

When is Cascades' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CAS earnings forecast
.

How were Cascades' earnings last quarter?

Cascades Inc. (TSE:CAS) announced its quarterly earnings results on Thursday, August, 4th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.04. The business earned $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion.

How often does Cascades pay dividends? What is the dividend yield for Cascades?

Cascades announced a quarterly dividend on Tuesday, August 16th. Stockholders of record on Thursday, September 1st will be paid a dividend of 0.12 per share on Thursday, September 1st. This represents a $0.48 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for CAS
.

Is Cascades a good dividend stock?

Cascades (TSE:CAS) pays an annual dividend of C$0.48 per share and currently has a dividend yield of 5.01%. CAS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.80%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CAS.

What other stocks do shareholders of Cascades own?

What is Cascades' stock symbol?

Cascades trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CAS."

How do I buy shares of Cascades?

Shares of CAS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Cascades' stock price today?

One share of CAS stock can currently be purchased for approximately C$9.60.

How much money does Cascades make?

Cascades (TSE:CAS) has a market capitalization of C$967.89 million and generates C$4.22 billion in revenue each year.

How many employees does Cascades have?

The company employs 9,800 workers across the globe.

How can I contact Cascades?

Cascades' mailing address is 404 Marie-Victorin Blvd, KINGSEY FALLS, QC J0A 1B0, Canada. The official website for the company is www.cascades.com. The company can be reached via phone at +1-819-3635100.

This page (TSE:CAS) was last updated on 8/14/2022 by MarketBeat.com Staff

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