Cascades (TSE:CAS) Stock: Insider Michael Guerra Sells 1,179 Shares

Cascades Inc. (TSE:CAS) insider Michael Guerra sold 1,179 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of C$17.56, for a total transaction of C$20,703.24. Following the completion of the transaction, the insider directly owned 20,020 shares of the company’s stock, valued at C$351,551.20. This represents a 5.56% decrease in their position.

Cascades Stock Up 2.6%

Shares of TSE:CAS traded up C$0.46 during trading on Friday, hitting C$18.33. The company’s stock had a trading volume of 606,126 shares, compared to its average volume of 322,025. The business has a 50 day moving average price of C$16.04 and a two-hundred day moving average price of C$12.85. The company has a market capitalization of C$1.86 billion, a PE ratio of 14.78, a P/E/G ratio of 0.56 and a beta of 1.22. 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 fifty-two week low of C$9.35 and a fifty-two week high of C$18.40.

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

Cascades Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CAS shares. Canadian Imperial Bank of Commerce upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada upped their target price on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Scotia raised their target price on shares of Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a report on Friday, August 14th. National Bank Financial lifted their price target on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, TD boosted their price target on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Cascades 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.