Cascades Inc. (TSE:CAS) Receives Average Rating of "Hold" from Brokerages

Cascades Inc. (TSE:CAS - Get Free Report) has earned an average recommendation of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$11.92.

A number of research firms have issued reports on CAS. Royal Bank of Canada upped their price target on shares of Cascades from C$11.00 to C$12.00 in a report on Friday. Scotiabank lowered their target price on Cascades from C$12.00 to C$11.00 and set a "sector perform" rating on the stock in a report on Monday, August 12th. CIBC cut their price target on Cascades from C$11.00 to C$10.50 and set a "neutral" rating for the company in a report on Monday, August 12th. Finally, TD Securities raised their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday.

Cascades Stock Down 1.7 %

Shares of Cascades stock traded down C$0.19 during midday trading on Friday, reaching C$11.00. 174,300 shares of the company's stock traded hands, compared to its average volume of 222,937. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23. Cascades has a 52 week low of C$8.83 and a 52 week high of C$15.00. The company's 50 day simple moving average is C$10.14 and its 200 day simple moving average is C$9.65. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of -26.19, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15.

Cascades (TSE:CAS - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.02. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. The company had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. Equities analysts expect that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Cascades Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, November 21st. Cascades's payout ratio is presently -114.29%.

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.