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

Cascades Inc. (TSE:CAS) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$12.08.

A number of analysts recently weighed in on the company. TD Securities boosted 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, November 8th. Royal Bank of Canada upped their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Friday, December 20th.

Insider Buying and Selling

In related news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is owned by insiders.

Cascades Trading Up 2.4 %

Shares of CAS stock opened at C$12.24 on Monday. The business has a 50-day moving average price of C$11.54 and a two-hundred day moving average price of C$10.24. Cascades has a 12-month low of C$8.83 and a 12-month high of C$15.00. 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$1.24 billion, a P/E ratio of -29.14, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15.

Cascades Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, November 21st. Cascades’s dividend payout ratio is -114.29%.

Cascades Company Profile

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.