Cascades (TSE:CAS) Insider Jérôme Nadeau Sells 5,234 Shares of Stock

Cascades Inc. (TSE:CAS) insider Jérôme Nadeau sold 5,234 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total value of C$90,548.20. Following the sale, the insider owned 21,997 shares in the company, valued at C$380,548.10. The trade was a 19.22% decrease in their ownership of the stock.

Cascades Stock Performance

Shares of TSE CAS traded down C$0.23 during mid-day trading on Thursday, hitting C$17.30. The company had a trading volume of 168,495 shares, compared to its average volume of 298,589. The stock has a market cap of C$1.75 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.56 and a beta of 1.04. Cascades Inc. has a 12 month low of C$9.35 and a 12 month high of C$17.97. 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’s 50 day simple moving average is C$13.16 and its two-hundred day simple moving average is C$12.12.

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

Cascades Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, August 20th. Cascades’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Scotia upped their price target on shares of Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada boosted their target price on shares of Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. TD upped their target price on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial lifted 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.