Royal Bank of Canada Issues Positive Forecast for Cascades (TSE:CAS) Stock Price

Cascades (TSE:CAS) had its price objective boosted by stock analysts at Royal Bank of Canada from C$11.00 to C$12.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 9.09% from the stock’s previous close.

Other analysts also recently issued reports about the company. CIBC lowered their price target on Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Scotiabank decreased their target price on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Cascades currently has a consensus rating of “Hold” and a consensus price target of C$11.92.

Cascades Stock Down 1.7 %

CAS opened at C$11.00 on Friday. The company has a market cap of C$1.11 billion, a PE ratio of -26.19, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23. Cascades has a 1 year low of C$8.83 and a 1 year high of C$15.00. The firm has a 50 day moving average price of C$10.14 and a 200 day moving average price of C$9.65.

Cascades (TSE:CAS) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$1.18 billion during the quarter, compared to analyst estimates of C$1.17 billion. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. Sell-side analysts expect that Cascades will post 1.2959309 earnings per share for the current year.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.