Cascades (TSE:CAS) Insider Allan Hogg Sells 17,684 Shares

Cascades Inc. (TSE:CAS) insider Allan Hogg sold 17,684 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total value of C$309,470.00. Following the transaction, the insider owned 112,056 shares in the company, valued at C$1,960,980. This trade represents a 13.63% decrease in their ownership of the stock.

Cascades Stock Performance

CAS traded down C$0.23 on Thursday, hitting C$17.30. 168,495 shares of the company’s stock were exchanged, compared to its average volume of 298,589. The firm has a market cap of C$1.75 billion, a PE ratio of 13.95, a P/E/G ratio of 0.56 and a beta of 1.04. Cascades Inc. has a twelve month low of C$9.35 and a twelve month high of C$17.97. The stock has a fifty day moving average of C$13.16 and a two-hundred day moving average of C$12.12. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08.

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

Cascades Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 20th. Cascades’s payout ratio is 38.71%.

Analyst Ratings Changes

Several analysts recently commented on the company. Scotia raised their target price on Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. TD boosted their price target 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. Desjardins increased their price target on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial raised their price target on Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.