Royal Bank Of Canada Increases Cascades (TSE:CAS) Price Target to C$18.00

Cascades (TSE:CAS) had its price target hoisted by research analysts at Royal Bank Of Canada from C$15.00 to C$18.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 5.32% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Scotiabank cut their price target on Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a report on Monday, April 13th. TD upped their price objective on shares of Cascades from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Desjardins dropped their price objective on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Finally, National Bank Financial cut their target price on shares of Cascades from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$15.93.

Cascades Stock Performance

TSE:CAS traded up C$0.07 on Monday, hitting C$17.09. The company’s stock had a trading volume of 1,754,552 shares, compared to its average volume of 270,250. The company has a current ratio of 1.53, a quick ratio of 0.86 and a debt-to-equity ratio of 113.03. The stock has a fifty day moving average of C$12.10 and a two-hundred day moving average of C$11.88. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. Cascades has a one year low of C$9.35 and a one year high of C$17.53.

Cascades (TSE:CAS) last issued its earnings results on Thursday, August 6th. The company reported C$0.24 EPS for the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%.The company had revenue of C$1.22 billion during the quarter. Research analysts predict that Cascades will post 1.2959309 earnings per share for the current year.

Insider Buying and Selling at Cascades

In other Cascades news, insider Laurent Lemaire bought 23,302 shares of Cascades stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of C$10.52 per share, with a total value of C$245,137.04. Following the completion of the transaction, the insider owned 7,837,637 shares in the company, valued at C$82,451,941.24. The trade was a 0.30% increase in their position. Corporate insiders own 23.78% of the company’s stock.

About Cascades

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.