Cascades (TSE:CAS) PT Raised to C$15.00

Cascades (TSE:CAS) had its price target raised by Raymond James from C$14.00 to C$15.00 in a research report report published on Monday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on CAS. Royal Bank of Canada increased their target price on shares of Cascades from C$12.00 to C$14.00 in a report on Tuesday, July 9th. TD Securities cut shares of Cascades from a buy rating to a hold rating and set a C$13.50 target price on the stock. in a report on Tuesday, July 16th. CIBC increased their target price on shares of Cascades from C$10.00 to C$11.00 in a report on Monday, May 13th. Finally, National Bank Financial raised shares of Cascades from a sector perform rating to an outperform rating and increased their target price for the stock from C$10.00 to C$13.00 in a report on Wednesday, July 3rd.

Shares of TSE:CAS opened at C$11.55 on Monday. The stock has a market capitalization of $1.13 billion and a price-to-earnings ratio of 46.39. Cascades has a 1-year low of C$7.55 and a 1-year high of C$13.94. The company’s fifty day moving average is C$11.87 and its two-hundred day moving average is C$9.77. The company has a debt-to-equity ratio of 115.99, a quick ratio of 0.81 and a current ratio of 1.43.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, September 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Tuesday, August 20th. This is a boost from Cascades’s previous quarterly dividend of $0.04. Cascades’s dividend payout ratio (DPR) is 128.51%.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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