Cascades (TSE:CAS - Get Free Report) had its target price increased by TD Securities from C$12.00 to C$14.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 28.21% from the stock's current price.
Several other research analysts have also recently weighed in on the stock. CIBC decreased their price objective on shares of Cascades from C$11.00 to C$10.50 and set a "neutral" rating on the stock in a research report on Monday, August 12th. Scotiabank decreased 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. Finally, Royal Bank of Canada boosted their target price on shares of Cascades from C$11.00 to C$12.00 in a report on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$11.92.
Get Our Latest Analysis on Cascades
Cascades Stock Down 2.4 %
TSE CAS traded down C$0.27 during trading hours on Friday, hitting C$10.92. 98,605 shares of the company traded hands, compared to its average volume of 222,588. Cascades has a twelve month low of C$8.83 and a twelve month high of C$15.00. The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -26.00, a P/E/G ratio of 0.56 and a beta of 0.15. The business'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 quick ratio of 0.86 and a current ratio of 1.23.
Cascades (TSE:CAS - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The firm 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%. Sell-side analysts anticipate that Cascades will post 1.2959309 earnings per share for the current 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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