Royal Bank of Canada Cuts Cascades (TSE:CAS) Price Target to C$11.00

Cascades (TSE:CAS) had its price objective trimmed by Royal Bank of Canada from C$14.00 to C$11.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the stock. TD Securities dropped their price objective on shares of Cascades from C$12.00 to C$11.00 and set a buy rating on the stock in a report on Tuesday. CIBC dropped their price objective on shares of Cascades from C$14.00 to C$12.00 in a report on Thursday, April 11th. National Bankshares lowered their price target on shares of Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. Finally, Desjardins lowered their price target on shares of Cascades from C$14.50 to C$13.00 and set a hold rating on the stock in a report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$11.60.

Cascades Trading Up 1.1 %

Shares of Cascades stock opened at C$9.29 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 108.76. Cascades has a 12-month low of C$9.14 and a 12-month high of C$15.00. The firm has a market capitalization of C$935.60 million, a price-to-earnings ratio of -12.22, a PEG ratio of 0.56 and a beta of 0.06. The firm’s 50 day simple moving average is C$10.59 and its two-hundred day simple moving average is C$11.92.

Cascades (TSE:CAS) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.25). The business had revenue of C$1.14 billion during the quarter, compared to analysts’ expectations of C$1.22 billion. Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. Analysts predict that Cascades will post 0.8298611 EPS for the current year.

Cascades Increases Dividend

The company also recently declared a 1 dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, March 21st were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, March 21st. This is an increase from Cascades’s previous 1 dividend of $0.12. This represents a yield of 4.66%. Cascades’s dividend payout ratio is -63.16%.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.