Key Points
- Insider sale: Jérôme Porlier sold 4,000 Cascades shares on Nov. 11 at C$12.49, trimming his holding by 14.05% to 24,467 shares (≈C$305,593).
- Dividend announced: Cascades declared a C$0.12 quarterly dividend (C$0.48 annualized, 3.7% yield) with an ex-dividend date of Nov. 20, while the dividend payout ratio is a high 240%.
- Analyst outlook and fundamentals: Analysts have raised price targets and the consensus is a "Moderate Buy" with an average target of C$13.17; the stock trades near C$12.81, has a P/E of 64.05 and reported negative ROE and net margin last quarter.
Cascades Inc. (TSE:CAS - Get Free Report) insider J�R�Me Porlier sold 4,000 shares of the business's stock in a transaction dated Tuesday, November 11th. The shares were 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 in the company, valued at C$305,592.83. The trade was a 14.05% decrease in their position.
Cascades Stock Down 0.2%
CAS traded down C$0.02 on Thursday, hitting C$12.81. The company had a trading volume of 51,109 shares, compared to its average volume of 226,193. Cascades Inc. has a 52-week low of C$8.30 and a 52-week high of C$13.42. The stock has a fifty day simple moving average of C$10.38 and a 200-day simple moving average of C$9.61. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86. The firm has a market capitalization of C$1.30 billion, a P/E ratio of 64.05, a P/E/G ratio of 0.56 and a beta of 0.87.
Cascades (TSE:CAS - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.29 earnings per share for the quarter. The company had revenue of C$1.24 billion for 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 expect that Cascades Inc. will post 1.2959309 EPS for the current fiscal year.
Cascades Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, December 4th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Thursday, November 20th. Cascades's dividend payout ratio (DPR) is presently 240.00%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on CAS shares. Desjardins boosted their price objective on shares of Cascades from C$10.50 to C$13.50 and gave the stock a "hold" rating in a research note on Friday, November 7th. TD Securities upped their price target on Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. CIBC increased their target price on Cascades from C$12.00 to C$13.00 in a research note on Monday. Royal Bank Of Canada lifted their price target on Cascades from C$13.00 to C$14.00 and gave the stock an "outperform" rating in a research report on Friday, November 7th. Finally, Scotiabank lifted their target price on shares of Cascades from C$12.00 to C$13.50 in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$13.17.
Check Out Our Latest Research Report on CAS
Cascades Company Profile
(
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.
Further Reading
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