Insider Selling: Cascades (TSE:CAS) Insider Sells C$90,548.20 in Stock

Cascades Inc. (TSE:CAS) insider Jérôme Nadeau sold 5,234 shares of the business’s 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 transaction of C$90,548.20. Following the completion of the sale, the insider owned 21,997 shares of the company’s stock, valued at approximately C$380,548.10. The trade was a 19.22% decrease in their ownership of the stock.

Cascades Price Performance

Shares of Cascades stock opened at C$17.52 on Friday. The company has a debt-to-equity ratio of 111.08, a quick ratio of 0.86 and a current ratio of 1.48. Cascades Inc. has a 52-week low of C$9.35 and a 52-week high of C$17.97. The company has a fifty day moving average of C$13.43 and a 200-day moving average of C$12.19. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04.

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

Cascades Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, August 20th. Cascades’s dividend payout ratio (DPR) is 38.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CAS. Desjardins boosted their target price on Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Scotia lifted their price target on Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research note on Friday, August 14th. TD boosted their price objective on Cascades from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada increased their price objective on Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.50.

Cascades News Summary

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: Higher FY2027 earnings forecast: Scotiabank raised its earnings estimate for Cascades to C$1.34 per share from C$1.19, above the current consensus estimate of C$1.30. The increase suggests expectations for stronger profitability and is a positive catalyst for CAS.
• Positive Sentiment: Broadly favorable analyst outlook: Recent broker actions include Scotia raising its price target to C$20.50 and CIBC upgrading the stock to “strong buy.” Cascades has a consensus rating of “Moderate Buy,” although the average target of C$16.50 is below recent trading levels. This supports the stock’s rise but also signals that some upside may already be priced in.
• Positive Sentiment: Dividend supports shareholder returns: Cascades declared a quarterly dividend of C$0.12 per share, equivalent to C$0.48 annually and a yield of approximately 2.8%. The payout ratio of 38.71% suggests the dividend is reasonably covered by earnings.
• Neutral Sentiment: Other headlines are unrelated: Reports about a Cascades trainset and wildfire smoke east of the Cascades mountain range do not appear to concern Cascades Inc.’s operations or financial outlook.
• Negative Sentiment: Insider selling may weigh on sentiment: Director Allan Hogg sold 17,684 shares for approximately C$309,470, while insider Jérôme Nadeau sold 5,234 shares for about C$90,548. The transactions reduced their holdings by 13.63% and 19.22%, respectively, though both continue to own shares. Cascades insider selling report

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.