Royal Bank Of Canada Cuts Cascades (TSE:CAS) Price Target to C$15.00

Cascades (TSE:CAS) had its price target lowered by Royal Bank Of Canada from C$16.00 to C$15.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. National Bank Financial dropped their target price on shares of Cascades from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. TD Securities decreased their price target on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Desjardins decreased their price target on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Scotiabank decreased their price target on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, TD decreased their price target on shares of Cascades from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Thursday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$14.07.

Cascades Stock Performance

Cascades stock opened at C$10.87 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 112.96. The firm has a 50-day moving average of C$12.00 and a 200-day moving average of C$12.02. The firm has a market cap of C$1.10 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.56 and a beta of 0.99. Cascades has a 1-year low of C$8.30 and a 1-year high of C$14.20.

Cascades (TSE:CAS) last posted its earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share for the quarter. The company had revenue of C$1.20 billion during the quarter. Cascades had a net margin of 1.47% and a return on equity of 4.11%. Sell-side analysts expect that Cascades will post 1.2959309 EPS for the current year.

Cascades Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, March 12th. Cascades’s dividend payout ratio is presently 69.57%.

About Cascades

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. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.