Cascades (TSE:CAS) Price Target Raised to C$20.50 at Scotia

Cascades (TSE:CAS) had its target price lifted by investment analysts at Scotia from C$16.00 to C$20.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s target price indicates a potential upside of 16.61% from the stock’s previous close.

CAS has been the subject of a number of other reports. Royal Bank Of Canada boosted their price target on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday. Canadian Imperial Bank of Commerce raised Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Desjardins upped their price objective on Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research note on Monday. National Bank Financial lifted their price objective 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. Finally, TD boosted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.50.

Cascades Stock Down 0.2%

TSE CAS traded down C$0.04 on Friday, reaching C$17.58. The company had a trading volume of 306,955 shares, compared to its average volume of 287,295. The firm has a 50-day moving average of C$12.61 and a 200-day moving average of C$12.00. Cascades has a 1 year low of C$9.35 and a 1 year high of C$17.88. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. The firm has a market capitalization of C$1.78 billion, a PE ratio of 14.18, a P/E/G ratio of 0.56 and a beta of 1.04.

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

About Cascades

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.