TD Securities Forecasts Strong Price Appreciation for Cascades (TSE:CAS) Stock

Cascades (TSE:CAS) had its price target raised by equities research analysts at TD Securities from C$12.00 to C$14.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 27.27% from the company’s current price.

CAS has been the topic of several other research reports. CIBC lowered their price target on Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Royal Bank of Canada raised their target price on shares of Cascades from C$11.00 to C$12.00 in a research note on Friday. Finally, Scotiabank cut their target price on shares of 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$11.92.

Cascades Trading Down 1.7 %

Shares of TSE:CAS opened at C$11.00 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. The stock has a market capitalization of C$1.11 billion, a PE ratio of -26.19, a P/E/G ratio of 0.56 and a beta of 0.15. Cascades has a 1 year low of C$8.83 and a 1 year high of C$15.00. The firm has a fifty 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 results 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. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. The company had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion. Analysts expect that Cascades will post 1.2959309 EPS for the current fiscal 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.