Key Points
- Insider buying: Cascades insider Laurent Lemaire purchased 23,302 shares at an average price of C$10.52, totaling about C$245,137. After the trade, he held 7.84 million shares, a 0.30% increase in ownership.
- Dividend and earnings: Cascades recently reported quarterly EPS of C$0.07 on revenue of C$1.13 billion and announced a quarterly dividend of C$0.12 per share, implying a 4.6% annualized yield.
- Analyst outlook: Analysts remain cautiously positive, with four Buy ratings and two Hold ratings, giving the stock a consensus rating of Moderate Buy and a consensus price target of C$13.64.
Cascades Inc. (TSE:CAS - Get Free Report) insider Laurent Lemaire acquired 23,302 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 7,837,637 shares in the company, valued at C$82,451,941.24. The trade was a 0.30% increase in their ownership of the stock.
Cascades Stock Up 0.1%
TSE:CAS opened at C$10.48 on Thursday. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 0.56 and a beta of 1.07. The company has a debt-to-equity ratio of 113.03, a quick ratio of 0.86 and a current ratio of 1.53. The stock's fifty day moving average price is C$11.16 and its two-hundred day moving average price is C$12.11. Cascades Inc. has a 52-week low of C$8.49 and a 52-week high of C$14.20.
Cascades (TSE:CAS - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$1.13 billion during the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%. On average, analysts anticipate that Cascades Inc. will post 1.2959309 EPS for the current year.
Cascades Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, June 4th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, May 21st. Cascades's dividend payout ratio (DPR) is presently 48.00%.
Analyst Ratings Changes
A number of research analysts have issued reports on CAS shares. TD cut their target price on shares of Cascades from C$14.00 to C$13.00 and set a "buy" rating on the stock in a research report on Friday, May 8th. TD Securities lowered their price target on shares of Cascades from C$16.00 to C$15.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Scotiabank dropped their price target on shares of Cascades from C$16.75 to C$14.50 and set an "outperform" rating for the company in a research note on Monday, April 13th. Royal Bank Of Canada cut their price objective on shares of Cascades from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a report on Friday, May 8th. Finally, Desjardins reduced 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 note on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.64.
View Our Latest Report on Cascades
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.
Further Reading
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