Cascades Inc. (TSE:CAS - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.64 and traded as high as C$11.52. Cascades shares last traded at C$11.19, with a volume of 378,839 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on CAS. CIBC reduced their price target on Cascades from C$11.00 to C$10.50 and set a "neutral" rating for the company in a research report on Monday, August 12th. Scotiabank reduced their target price on Cascades from C$12.00 to C$11.00 and set a "sector perform" rating for the company in a report on Monday, August 12th. TD Securities upped their target price on Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Royal Bank of Canada lifted their price target on shares of Cascades from C$11.00 to C$12.00 in a research report on Friday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$11.92.
Check Out Our Latest Analysis on CAS
Cascades Price Performance
The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. The stock's 50-day moving average price is C$10.14 and its 200-day moving average price is C$9.65. The company has a market capitalization 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 announced its quarterly earnings data 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. The business had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. Equities research analysts anticipate that Cascades Inc. will post 1.2959309 earnings per share for the current year.
Cascades Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.48 annualized dividend and a dividend yield of 4.36%. Cascades's payout ratio is currently -114.29%.
About Cascades
(
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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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