Cascades Inc. (TSE:CAS - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.55 and traded as high as C$10.77. Cascades shares last traded at C$10.65, with a volume of 71,075 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CAS shares. CIBC lowered their price objective 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 price objective on shares of Cascades from C$12.00 to C$11.00 and set a "sector perform" rating for the company in a research report on Monday, August 12th. Finally, Royal Bank of Canada reduced their price target on shares of Cascades from C$11.00 to C$10.00 in a research report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$11.08.
Read Our Latest Research Report on CAS
Cascades Trading Up 1.1 %
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 firm has a market cap of C$1.09 billion, a price-to-earnings ratio of -25.36, a PEG ratio of 0.56 and a beta of 0.15. The company has a 50-day moving average price of C$9.78 and a 200 day moving average price of C$9.55.
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 (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 during the quarter, compared to analysts' expectations of C$1.17 billion. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. As a group, research analysts anticipate that Cascades Inc. will post 1.2959309 earnings per share for the current fiscal year.
Cascades Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.46%. Cascades's dividend payout ratio (DPR) is presently -114.29%.
Insider Activity at Cascades
In other news, Director Hugues Simon acquired 11,000 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was bought at an average price of C$9.10 per share, with a total value of C$100,100.00. Corporate insiders own 23.78% of the company's stock.
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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