Key Points
- Insider sale: Emmanuelle Migneault sold 3,298 Cascades shares for approximately C$60,123, reducing their position by 24.43% to 10,203 shares.
- Stock performance and fundamentals: Cascades opened at C$18.57, near its 12-month high of C$18.86, with a C$1.88 billion market capitalization. The company reported C$0.24 quarterly EPS on C$1.22 billion in revenue.
- Dividend and analyst outlook: Cascades pays a quarterly dividend of C$0.12, equivalent to a 2.6% annual yield. Analysts have a consensus “Moderate Buy” rating, with an average price target of C$16.50.
Cascades Inc. (TSE:CAS - Get Free Report) insider Emmanuelle Migneault sold 3,298 shares of the business's stock in a transaction on Monday, September 28th. The shares were sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the transaction, the insider owned 10,203 shares in the company, valued at C$186,000.69. The trade was a 24.43% decrease in their position.
Cascades Trading Up 0.7%
TSE:CAS opened at C$18.57 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08. The stock has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.56 and a beta of 1.22. The firm has a fifty day simple moving average of C$16.28 and a two-hundred day simple moving average of C$12.95. Cascades Inc. has a 12 month low of C$9.35 and a 12 month high of C$18.86.
Cascades (TSE:CAS - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. The firm 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%. Analysts expect that Cascades Inc. will post 1.2959309 EPS for the current fiscal year.
Cascades Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were given a $0.12 dividend. 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 payout ratio is presently 38.71%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Royal Bank Of Canada increased their price target on Cascades from C$15.00 to C$18.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded Cascades from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. TD upped their target price on Cascades from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Scotia increased their target price on Cascades from C$16.00 to C$20.50 and gave the stock a "sector outperform" rating in a report on Friday, August 14th. Finally, 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 research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$16.50.
View Our Latest Research Report on CAS
Cascades Company Profile
(
Get Free Report)
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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