According to a report on Bloomberg.com, Cascades Inc. (TSE: CAS), which eight different brokerages now cover, has been given an average rating of “Hold” across the board. The analysts think investors should maintain a hold position, but one suggests that investors buy the stock. In addition, 11.61 Canadian dollars has been determined to be the average one-year target price provided by brokerages that have updated their stock coverage during the preceding year.
CAS has been the subject of several reports that researchers with extensive expertise wrote. The target price for Cascades was lowered from C$10.50 to C$10.00 in a report made public by TD Securities on November 11. The report was released to the public. Additionally, the brokerage firm advised its clients to “hold on” to their company shares. In a research report released on Tuesday, September 13, the Royal Bank of Canada raised its price objective for the Cascades from C$11.00 to C$12.00. The bank also upgraded the company from being rated “sector perform” to “outperform.” In a report issued on Friday, November 11, National Bankshares stated that their price target for the Cascades had been reduced from C$8.00 to C$7.75.This change was made in response to recent market conditions. In a report made public on Friday, November 11, Scotiabank announced that it would lower its price target for Cascades from C$15.00 to C$13.00. CIBC lowered their price target for Cascades from C$10.00 to C$9.00 and downgraded the company’s rating from “neutral” to “underperform” in a report that was made public on Friday, November 11.
Cascades started the trading day on Friday with a share price of 7.86 Canadian dollars per share. The price-to-earnings ratio for the company is 5.54, and its market capitalization is 788.85 million Canadian dollars at present. Furthermore, for the past fifty trading days, the stock’s price has had a simple moving average of $8.40; for the past two hundred trading days, that figure has been $9.11. Therefore, there is a possibility that the cost of a pack of Cascades will range anywhere from $7.73 to $14.22 over a year. Furthermore, it is shown that the debt-to-equity ratio comes in at 103.53, the quick ratio comes in at 0.86, and the current ratio comes in at 1.63.
In addition, the business recently announced and paid a quarterly dividend, which was paid out on November 23, after the dividend was declared and distributed. On December 8, stockholders already on record received dividends of $0.12 per share distributed to them. As of December 8, it was considered that this dividend had been paid out in its entirety. This is a dividend payment of $0.48 per year, in addition to a yield currently at 6.11%. In the most recent financial analysis, the Cascades dividend payout ratio (DPR) was determined to be 33.80%.
Cascades Inc. is engaged in the production, conversion, and sale of various tissue and packaging products in Canada and the United States. The enterprise can be partitioned into three divisions: tissue sheets, specialty items, and containerboard. Various forms can be crafted from both containerboards and items made of corrugated material. Food packaging and furniture backing both use honeycomb paperboard and laminated paperboard. Honeycomb paperboards are more common. Paperboard and fiber composites are also available, in addition to specialty containers, structural components, and paperboard. Honeycomb paperboards are frequently utilized in producing beer, wine, and spirits. Uncoated recycled paperboards are also available for packaging converters and industrial users of headers and wrappers for the paper industry. These paperboards can also be used to create partitions that are used as protective packaging. These paperboards have the potential to be utilized as components of protective packaging.
