Insider Selling: Cascades (TSE:CAS) Insider Sells C$49,960.00 in Stock

Cascades Inc. (TSE:CAS) insider J�R�Me Porlier sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of C$12.49, for a total transaction of C$49,960.00. Following the completion of the transaction, the insider owned 24,467 shares in the company, valued at approximately C$305,592.83. This trade represents a 14.05% decrease in their ownership of the stock.

Cascades Stock Performance

TSE CAS opened at C$12.50 on Friday. The firm has a market cap of C$1.27 billion, a price-to-earnings ratio of 62.50, a PEG ratio of 0.56 and a beta of 0.87. The company has a 50 day moving average of C$10.49 and a 200-day moving average of C$9.65. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. Cascades Inc. has a 1-year low of C$8.30 and a 1-year high of C$13.42.

Cascades (TSE:CAS) last announced its earnings results on Thursday, November 6th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$1.24 billion for the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%. On average, equities analysts forecast that Cascades Inc. will post 1.2959309 earnings per share for the current fiscal year.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, November 20th. Cascades’s dividend payout ratio (DPR) is presently 240.00%.

Analyst Ratings Changes

Several brokerages have commented on CAS. Scotiabank upped their target price on shares of Cascades from C$12.00 to C$13.50 in a research report on Monday, November 10th. CIBC increased their price objective on shares of Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th. Desjardins raised their price objective on shares of Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a report on Friday, November 7th. Royal Bank Of Canada upped their target price on shares of Cascades from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, TD Securities raised their price objective on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.17.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.