Cascades Inc. (TSE:CAS) Given Consensus Rating of “Hold” by Brokerages

Cascades Inc. (TSE:CAS) has been given an average rating of “Hold” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$11.08.

CAS has been the topic of a number of recent analyst reports. CIBC cut their price target on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Royal Bank of Canada cut their price objective on shares of Cascades from C$11.00 to C$10.00 in a research note on Thursday, July 11th. Finally, Scotiabank cut their price objective on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th.

Insider Transactions at Cascades

In other news, Director Hugues Simon purchased 11,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of C$9.10 per share, with a total value of C$100,100.00. Company insiders own 23.78% of the company’s stock.

Cascades Stock Performance

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 52 week low of C$8.83 and a 52 week high of C$15.00. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of -25.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company’s 50-day moving average is C$9.76 and its 200 day moving average is C$9.54.

Cascades (TSE:CAS) last issued 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. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. The business had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. On average, sell-side analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Cascades Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of ∞. Cascades’s payout ratio is currently -114.29%.

About Cascades

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.