Cascades (TSE:CAS) Price Target Raised to C$17.00

Cascades (TSE:CAS) had its target price increased by National Bank Financial from C$13.00 to C$17.00 in a report issued on Monday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Several other brokerages have also recently commented on CAS. Royal Bank Of Canada boosted their price target on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank reduced their price objective on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a research report on Monday, April 13th. TD lifted their price objective on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Desjardins boosted their target price on shares of Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$15.93.

Cascades Stock Up 1.4%

CAS opened at C$17.32 on Monday. Cascades has a one year low of C$9.35 and a one year high of C$17.53. The company has a debt-to-equity ratio of 111.08, a quick ratio of 0.86 and a current ratio of 1.48. The stock’s fifty day moving average is C$12.48 and its 200-day moving average is C$11.97. The company has a market capitalization of C$1.76 billion, a PE ratio of 13.97, a P/E/G ratio of 0.56 and a beta of 1.04.

Cascades (TSE:CAS) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%.The business had revenue of C$1.22 billion during the quarter. On average, equities analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, August 20th. Cascades’s payout ratio is presently 38.71%.

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.