Cascades (CAS) Price Target Raised to C$21.00 at National Bank Financial

Cascades (TSE:CAS) had its price target upped by National Bank Financial from C$18.50 to C$21.00 in a research note published on Monday. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Cascades’ FY2017 earnings at $0.79 EPS, FY2018 earnings at $1.29 EPS and FY2019 earnings at $1.81 EPS.

CAS has been the subject of several other reports. CIBC decreased their price objective on shares of Cascades from C$18.00 to C$14.00 in a research note on Monday, November 13th. Desjardins downgraded shares of Cascades from a buy rating to a hold rating and decreased their price objective for the stock from C$18.00 to C$15.00 in a research note on Monday, November 13th. Scotiabank reiterated a sector perform rating and set a C$18.00 price objective on shares of Cascades in a research note on Tuesday, December 5th. Finally, TD Securities upgraded shares of Cascades from a hold rating to a buy rating and boosted their price objective for the stock from C$16.50 to C$18.00 in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cascades currently has a consensus rating of Buy and an average price target of C$18.29.

Shares of Cascades (TSE CAS) opened at C$15.57 on Monday. Cascades has a 52 week low of C$12.20 and a 52 week high of C$18.20. The stock has a market cap of $1,490.00, a P/E ratio of 3.35 and a beta of 0.07.

Cascades (TSE:CAS) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.10). Cascades had a return on equity of 9.16% and a net margin of 3.17%. The business had revenue of C$1.10 billion for the quarter, compared to analysts’ expectations of C$1.16 billion.

In other news, insider Bernard Lemaire sold 400,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of C$15.48, for a total transaction of C$6,192,000.00. Over the last three months, insiders have sold 519,300 shares of company stock worth $7,705,957.

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About Cascades

Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.

Analyst Recommendations for Cascades (TSE:CAS)

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