Cascades Inc. (CAS) To Go Ex-Dividend on August 20th

Cascades Inc. (TSE:CAS) declared a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.12 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 20th.

Cascades Stock Down 2.5%

CAS stock opened at C$17.38 on Tuesday. The company has a market cap of C$1.76 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The company has a fifty day moving average price of C$12.89 and a 200 day moving average price of C$12.06. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. Cascades has a 12 month low of C$9.35 and a 12 month high of C$17.97.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$1.22 billion for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. Sell-side analysts expect that Cascades will post 1.2959309 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CAS shares. Royal Bank Of Canada increased their target price on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Scotia boosted their price target on Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a research report on Friday. National Bank Financial upped their price objective on Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Desjardins increased their price objective on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$16.50.

Cascades Company Profile

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.