Cascades Inc (TSE:CAS) – Equities research analysts at Desjardins increased their FY2019 earnings per share (EPS) estimates for shares of Cascades in a research note issued to investors on Monday, November 11th, Zacks Investment Research reports. Desjardins analyst K. Howlett now anticipates that the company will post earnings per share of $0.96 for the year, up from their prior forecast of $0.83. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Cascades’ Q4 2019 earnings at $0.24 EPS.
CAS has been the topic of several other research reports. Royal Bank of Canada upped their price objective on Cascades from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities upped their price objective on Cascades from C$13.00 to C$13.50 and gave the company a “hold” rating in a research note on Monday, November 11th. Raymond James increased their price target on Cascades from C$14.00 to C$15.00 in a research report on Monday, August 12th. National Bank Financial increased their price target on Cascades from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, CIBC increased their price target on Cascades from C$13.00 to C$14.00 in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cascades presently has an average rating of “Hold” and an average price target of C$14.42.
TSE CAS traded up C$0.17 on Tuesday, hitting C$12.37. 105,605 shares of the stock traded hands, compared to its average volume of 191,333. The stock has a 50-day moving average of C$12.52 and a 200 day moving average of C$11.47. Cascades has a twelve month low of C$7.55 and a twelve month high of C$13.44. The company has a market capitalization of $1.16 billion and a P/E ratio of 20.45. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 126.43.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, November 20th. Cascades’s payout ratio is 26.45%.
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.
Featured Story: Insider Trading – What You Need to Know
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.