Cascades (TSE:CAS) Given New C$15.00 Price Target at National Bankshares

by · The Cerbat Gem

Cascades (TSE:CAS – Get Free Report) had its price target raised by equities research analysts at National Bankshares from C$12.00 to C$15.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 16.82% from the stock’s current price.

Several other analysts have also recently weighed in on CAS. Desjardins lifted their price target on Cascades from C$10.50 to C$13.50 and gave the stock a “hold” rating in a report on Friday, November 7th. TD Securities lifted their target price on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Scotiabank upped their price target on shares of Cascades from C$13.50 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada raised their price target on shares of Cascades from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Finally, CIBC boosted their price objective on shares of Cascades from C$12.00 to C$13.00 in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$14.58.

Check Out Our Latest Stock Analysis on Cascades

Cascades Stock Performance

Shares of Cascades stock traded up C$0.05 during trading on Monday, hitting C$12.84. 56,970 shares of the stock were exchanged, compared to its average volume of 168,910. Cascades has a 1-year low of C$8.30 and a 1-year high of C$13.94. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 121.37. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 64.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.15. The company has a fifty day moving average price of C$12.66 and a 200-day moving average price of C$11.08.

Cascades (TSE:CAS – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$1.24 billion during the quarter. Cascades had a negative return on equity of 4.35% and a negative net margin of 1.62%. As a group, equities analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Insider Buying and Selling at Cascades

In other Cascades news, insider J�R�Me Porlier sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of C$12.49, for a total transaction of C$49,960.00. Following the completion of the transaction, the insider owned 24,467 shares of the company’s stock, valued at approximately C$305,592.83. The trade was a 14.05% decrease in their ownership of the stock. 23.78% of the stock is currently owned by corporate insiders.

About Cascades

(Get Free Report)

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.

Featured Stories