Cascades (TSE:CAS) PT Raised to C$15.00

Cascades (TSE:CAS) had its price target raised by Raymond James from C$14.00 to C$15.00 in a research report report published on Monday morning, BayStreet.CA reports.

Several other brokerages have also recently commented on CAS. National Bank Financial upgraded shares of Cascades from a sector perform rating to an outperform rating and raised their target price for the stock from C$10.00 to C$13.00 in a report on Wednesday, July 3rd. TD Securities cut shares of Cascades from a buy rating to a hold rating and set a C$13.50 target price for the company. in a report on Tuesday, July 16th. CIBC raised their target price on shares of Cascades from C$10.00 to C$11.00 in a report on Monday, May 13th. Finally, Royal Bank of Canada raised their target price on shares of Cascades from C$12.00 to C$14.00 in a report on Tuesday, July 9th.

Shares of CAS opened at C$11.55 on Monday. Cascades has a one year low of C$7.55 and a one year high of C$13.94. The company has a 50-day moving average of C$11.87 and a two-hundred day moving average of C$9.77. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 46.39. The company has a debt-to-equity ratio of 115.99, a current ratio of 1.43 and a quick ratio of 0.81.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, September 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.77%. This is a boost from Cascades’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 20th. Cascades’s dividend payout ratio (DPR) is presently 128.51%.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

Further Reading: Price-Sales Ratio

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