Cascades (TSE:CAS - Get Free Report) had its target price lifted by Royal Bank of Canada from C$11.00 to C$12.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada's price target points to a potential upside of 9.89% from the company's previous close.
CAS has been the topic of a number of other research reports. CIBC dropped their price objective on Cascades from C$11.00 to C$10.50 and set a "neutral" rating on the stock in a report on Monday, August 12th. Scotiabank reduced their target price on shares of Cascades from C$12.00 to C$11.00 and set a "sector perform" rating on the stock in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Cascades has a consensus rating of "Hold" and a consensus target price of C$11.92.
Read Our Latest Report on CAS
Cascades Stock Performance
TSE:CAS traded down C$0.27 during midday trading on Friday, hitting C$10.92. The company's stock had a trading volume of 98,605 shares, compared to its average volume of 222,588. The firm has a market cap of C$1.10 billion, a P/E ratio of -26.00, a P/E/G ratio of 0.56 and a beta of 0.15. The firm's 50 day moving average is C$10.10 and its 200-day moving average is C$9.64. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$15.00.
Cascades (TSE:CAS - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.06 by C$0.02. The company had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. Equities analysts anticipate that Cascades will post 1.2959309 earnings per share for the current fiscal year.
Cascades Company Profile
(
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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.
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