Cascades (TSE:CAS) Price Target Raised to C$15.00 at TD

Cascades (TSE:CAS) had its price target boosted by analysts at TD from C$13.00 to C$15.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 24.17% from the stock’s current price.

A number of other brokerages also recently weighed in on CAS. Desjardins dropped their target price on Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Scotiabank decreased their price target on shares of Cascades from C$16.75 to C$14.50 and set an “outperform” rating for the company in a report on Monday, April 13th. Royal Bank Of Canada lowered their price objective on shares of Cascades from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, National Bank Financial dropped their price objective on shares of Cascades from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.93.

Cascades Price Performance

Shares of TSE CAS traded up C$0.29 during mid-day trading on Tuesday, reaching C$12.08. The company had a trading volume of 142,231 shares, compared to its average volume of 220,162. The company has a 50-day moving average price of C$11.04 and a two-hundred day moving average price of C$11.80. The stock has a market cap of C$1.22 billion, a PE ratio of 12.08, a P/E/G ratio of 0.56 and a beta of 1.03. The company has a current ratio of 1.53, a quick ratio of 0.86 and a debt-to-equity ratio of 113.03. Cascades has a 1-year low of C$8.90 and a 1-year high of C$14.20.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$1.12 billion for the quarter. Cascades had a net margin of 2.15% and a return on equity of 5.95%. On average, equities analysts anticipate that Cascades will post 1.2959309 earnings per share for the current year.

Insider Buying and Selling at Cascades

In other Cascades news, insider Laurent Lemaire purchased 23,302 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of C$10.52 per share, for a total transaction of C$245,137.04. Following the completion of the acquisition, the insider directly owned 7,837,637 shares in the company, valued at C$82,451,941.24. This represents a 0.30% increase in their ownership of the stock. Corporate insiders own 23.78% of the company’s stock.

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.