Cascades Inc. (CAS) To Go Ex-Dividend on August 20th

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.12 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, August 20th.

Cascades Trading Down 2.5%

Shares of CAS stock opened at C$17.38 on Tuesday. The firm has a market cap of C$1.76 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. The business has a 50-day moving average price of C$12.89 and a two-hundred day moving average price of C$12.06. Cascades has a 12-month low of C$9.35 and a 12-month high of C$17.97.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. The business had revenue of C$1.22 billion during the quarter. Equities analysts anticipate that Cascades will post 1.2959309 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAS has been the subject of several recent analyst reports. TD upped their price objective on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. National Bank Financial lifted their price objective on Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Scotia boosted their price target on Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their price objective on shares of Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday, August 10th. One investment 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 has an average rating of “Moderate Buy” and an average price target of C$16.50.

Cascades Company Profile

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.