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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Economic and National Security Threats Create Lithium Bonanza (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Economic and National Security Threats Create Lithium Bonanza (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Economic and National Security Threats Create Lithium Bonanza (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors (Ad)
TSE:CAS

Cascades - CAS Stock Forecast, Price & News

C$9.86
+0.26 (+2.71%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
C$9.60
C$9.93
50-Day Range
C$8.60
C$10.47
52-Week Range
C$8.50
C$16.45
Volume
410,300 shs
Average Volume
284,610 shs
Market Capitalization
C$994.10 million
P/E Ratio
6.94
Dividend Yield
5.00%
Price Target
C$13.31

Cascades MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
35.0% Upside
C$13.31 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.19mentions of Cascades in the last 14 days
Based on 12 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.

2.72 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.

Cascades Stock Up 2.7 %

Shares of Cascades stock opened at C$9.86 on Tuesday. Cascades has a one year low of C$8.50 and a one year high of C$16.45. The company has a market cap of C$994.10 million and a P/E ratio of 6.94. The company has a debt-to-equity ratio of 91.81, a quick ratio of 0.86 and a current ratio of 1.60. The firm has a fifty day moving average of C$9.81 and a two-hundred day moving average of C$11.48.

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

Cascades Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, September 1st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Tuesday, August 16th. Cascades's dividend payout ratio is presently 33.80%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CAS shares. CIBC decreased their price objective on shares of Cascades from C$14.00 to C$11.00 and set a "neutral" rating for the company in a research note on Monday, May 16th. TD Securities cut their price target 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. Scotiabank decreased their price objective on Cascades from C$17.00 to C$15.00 in a report on Friday, August 5th. BMO Capital Markets decreased their price target on shares of Cascades from C$20.00 to C$17.00 in a research note on Friday, May 13th. Finally, National Bankshares lowered shares of Cascades from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$14.00 to C$10.00 in a research note on Friday, August 5th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cascades currently has a consensus rating of "Hold" and a consensus target price of C$13.31.

Insiders Place Their Bets

In related news, Senior Officer Robert F. Hall sold 56,150 shares of the firm's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of C$10.21, for a total value of C$573,291.50. Following the completion of the sale, the insider now owns 276,977 shares in the company, valued at C$2,827,935.17. In other Cascades news, Director Alain Lemaire sold 160,338 shares of the company's stock in a transaction on Friday, May 27th. The stock was sold at an average price of C$10.05, for a total value of C$1,611,396.90. Following the sale, the director now owns 527,565 shares of the company's stock, valued at C$5,302,028.25. Also, Senior Officer Robert F. Hall sold 56,150 shares of Cascades stock in a transaction on Thursday, May 26th. The stock was sold at an average price of C$10.21, for a total value of C$573,291.50. Following the transaction, the insider now directly owns 276,977 shares of the company's stock, valued at approximately C$2,827,935.17. Over the last quarter, insiders acquired 13,150 shares of company stock worth $112,742 and sold 216,764 shares worth $2,187,531.

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CAS Stock News Headlines

Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
Cascades (TSE:CAS) Will Pay A Dividend Of CA$0.12
Scotiabank Lowers Cascades (TSE:CAS) Price Target to C$15.00
5X Potential Growth By 2030? Is This Little-Known Market About To Explode?
It's used for our BELOVED Air Force's fighter jets, cell phones, and wind turbines. And soon, you're going to hear about it everywhere... because according to renowned intelligence reports...
Cascades (TSE:CAS) Downgraded by National Bank Financial
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
8/15/2022
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
+35.0%
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$0.71 per share
Book Value
C$18.76 per share

Miscellaneous

Free Float
N/A
Market Cap
C$994.10 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 equities research 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 equities research 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 Wall Street analysts have issued 1-year price objectives for Cascades' stock. Their CAS share price forecasts range from C$10.00 to C$19.50. On average, they expect the company's stock price to reach C$13.31 in the next twelve months. This suggests a possible upside of 35.0% 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 on January 1st, 2022. Since then, CAS stock has decreased by 29.4% and is now trading at C$9.86.
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) posted its quarterly earnings results on Thursday, August, 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.04. The company had revenue of $1.12 billion for 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 declared a quarterly dividend on Tuesday, August 16th. Investors of record on Thursday, September 1st will be given a dividend of 0.12 per share on Thursday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.87%. The ex-dividend date 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 5.00%. 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$9.86.

How much money does Cascades make?

Cascades (TSE:CAS) has a market capitalization of C$994.10 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 8/16/2022 by MarketBeat.com Staff

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