Cascades (TSE:CAS) Price Target Cut to C$13.00 by Analysts at TD

Cascades (TSE:CAS) had its target price cut by TD from C$14.00 to C$13.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

CAS has been the topic of several other research reports. Royal Bank Of Canada dropped their price target on shares of Cascades from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. National Bank Financial dropped their price target on shares of Cascades from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Monday, April 13th. Desjardins dropped their price target on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. TD Securities dropped their price target on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Scotiabank dropped their price target on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.64.

Cascades Stock Performance

Cascades stock opened at C$10.78 on Friday. The stock’s 50 day moving average price is C$11.29 and its 200 day moving average price is C$12.13. The firm has a market capitalization of C$1.09 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.56 and a beta of 1.07. The company has a debt-to-equity ratio of 113.03, a quick ratio of 0.86 and a current ratio of 1.53. Cascades has a one year low of C$8.30 and a one year high of C$14.20.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 EPS for the quarter. The firm had revenue of C$1.13 billion for the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%. As a group, sell-side analysts expect that Cascades will post 1.2959309 EPS for the current fiscal year.

Cascades Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Thursday, May 21st. Cascades’s dividend payout ratio is 69.57%.

Key Stories Impacting Cascades

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: TD kept a Buy rating on Cascades while trimming its target to C$13.00, which still implies meaningful upside from the current share price. BayStreet.CA
• Positive Sentiment: Royal Bank of Canada also lowered its target but maintained an Outperform rating, signaling continued confidence in the stock’s recovery potential. Tickerreport.com
• Positive Sentiment: Cascades reported quarterly EPS of C$0.07 on revenue of about C$1.12 billion, giving investors a fresh earnings update and reinforcing that the company remains profitable despite a slim margin profile. Earnings Report
• Neutral Sentiment: The company declared a quarterly dividend of C$0.12 per share, which should support income-focused investors but is not a major growth catalyst. Press Release
• Negative Sentiment: National Bank Financial lowered its target to C$13.00 and maintained only a Sector Perform view, suggesting the stock may have limited near-term upside despite the recent bounce. BayStreet.CA
• Negative Sentiment: Analysts at several firms cut price targets, which may reflect caution around margins, earnings momentum, or the pace of recovery. Analyst Ratings

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.