Cascades (TSE:CAS) Price Target Lowered to C$14.00 at TD

Cascades (TSE:CAS) had its target price reduced by equities research analysts at TD from C$15.00 to C$14.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 32.08% from the stock’s previous close.

CAS has been the topic of several other research reports. Royal Bank Of Canada upped their target price on shares of Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. TD Securities reduced their price target on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Scotiabank reduced their target price 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. Desjardins reduced their target price on shares of Cascades from C$15.00 to C$13.00 and set a “hold” rating for the company in a report on Monday. Finally, National Bank Financial reduced their target price on shares of Cascades from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a report on Monday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$14.07.

Cascades Stock Performance

CAS traded down C$0.17 during midday trading on Thursday, hitting C$10.60. 213,251 shares of the company traded hands, compared to its average volume of 210,852. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 112.96. The firm has a market capitalization of C$1.07 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company’s 50-day moving average is C$12.10 and its 200 day moving average is C$12.01. Cascades has a 52 week low of C$8.30 and a 52 week high of C$14.20.

Cascades (TSE:CAS) last posted its earnings results on Thursday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$1.20 billion for the quarter. Cascades had a net margin of 1.47% and a return on equity of 4.11%. On average, research analysts expect that Cascades will post 1.2959309 EPS for the current year.

About Cascades

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.