Key Points
- Insider Michael Guerra sold 1,179 Cascades shares at an average price of C$17.56, totaling C$20,703.24. He retained 20,020 shares after the transaction, reducing his ownership by 5.56%.
- Cascades reported quarterly revenue of C$1.22 billion and EPS of C$0.24, while paying a quarterly dividend of C$0.12 per share, equivalent to a 2.6% annualized yield.
- Analysts remain generally positive, with the stock holding a “Moderate Buy” consensus rating and a consensus price target of C$16.50, despite shares opening at C$18.33.
Cascades Inc. (TSE:CAS - Get Free Report) insider Michael Guerra sold 1,179 shares of the business's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of C$17.56, for a total value of C$20,703.24. Following the completion of the transaction, the insider owned 20,020 shares in the company, valued at C$351,551.20. The trade was a 5.56% decrease in their ownership of the stock.
Cascades Stock Performance
TSE CAS opened at C$18.33 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. Cascades Inc. has a twelve month low of C$9.35 and a twelve month high of C$18.40. The business has a 50-day moving average price of C$16.04 and a 200-day moving average price of C$12.85. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22.
Cascades (TSE:CAS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%.The company had revenue of C$1.22 billion for the quarter. As a group, equities research analysts predict that Cascades Inc. will post 1.2959309 EPS for the current fiscal year.
Cascades Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, August 20th. Cascades's dividend payout ratio (DPR) is 38.71%.
Analyst Upgrades and Downgrades
CAS has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce raised shares of Cascades from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. Desjardins raised their target price on shares of Cascades from C$13.00 to C$19.00 and gave the company a "hold" rating in a research note on Monday, August 10th. Royal Bank Of Canada raised their target price on shares of Cascades from C$15.00 to C$18.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. National Bank Financial lifted their price target on shares of Cascades from C$13.00 to C$17.00 and gave the company a "sector perform" rating in a report on Monday, August 10th. Finally, Scotia boosted their price target on shares of Cascades from C$16.00 to C$20.50 and gave the stock a "sector outperform" rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$16.50.
Check Out Our Latest Stock Report on Cascades
Cascades Company Profile
(
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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.
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