Cascades (TSE:CAS) Insider Sells C$60,122.54 in Stock

Cascades Inc. (TSE:CAS) insider Emmanuelle Migneault sold 3,298 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of C$18.23, for a total value of C$60,122.54. Following the completion of the transaction, the insider directly owned 10,203 shares in the company, valued at approximately C$186,000.69. This represents a 24.43% decrease in their position.

Cascades Trading Up 0.6%

Shares of Cascades stock traded up C$0.11 during trading on Tuesday, reaching C$18.56. The company’s stock had a trading volume of 265,077 shares, compared to its average volume of 321,786. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.56 and a beta of 1.22. The firm’s 50-day moving average is C$16.16 and its two-hundred day moving average is C$12.90. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. Cascades Inc. has a 52-week low of C$9.35 and a 52-week high of C$18.86.

Cascades (TSE:CAS) last issued its earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. The company 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%. On average, sell-side analysts anticipate that Cascades Inc. will post 1.2959309 earnings per share for the current year.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were issued a $0.12 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. Cascades’s dividend payout ratio is 38.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CAS shares. National Bank Financial upped 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. Scotia raised their target price on 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. Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. TD increased their price objective on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Desjardins raised their price objective on shares of Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$16.50.

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.