Cascades Inc. (TSE:CAS – Get Rating) Director Alain Lemaire sold 160,338 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of C$10.05, for a total transaction of C$1,611,396.90. Following the sale, the director now owns 527,565 shares in the company, valued at C$5,302,028.25.

Cascades stock traded up C$0.33 during trading hours on Monday, hitting C$10.48. The stock had a trading volume of 125,615 shares, compared to its average volume of 261,195. The company has a quick ratio of 0.78, a current ratio of 1.48 and a debt-to-equity ratio of 83.25. The stock has a market cap of C$1.05 billion and a price-to-earnings ratio of 8.51. Cascades Inc. has a one year low of C$9.08 and a one year high of C$16.45. The business’s 50 day simple moving average is C$12.17 and its 200-day simple moving average is C$13.02.

Cascades (TSE:CAS – Get Rating) last posted its earnings results on Thursday, February 24th. The company reported C($0.09) EPS for the quarter, beating the consensus estimate of C($0.22) by C$0.13. The firm had revenue of C$1.03 billion during the quarter, compared to the consensus estimate of C$982.00 million. Research analysts anticipate that Cascades Inc. will post 1.3799999 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, June 9th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Wednesday, May 25th. Cascades’s dividend payout ratio is currently 29.24%.

Several equities research analysts have issued reports on CAS shares. BMO Capital Markets decreased their price objective on shares of Cascades from C$20.00 to C$17.00 in a research note on Friday, May 13th. TD Securities dropped their price objective on Cascades from C$14.00 to C$10.50 and set a “hold” rating on the stock in a report on Friday, May 13th. CIBC cut their price objective on Cascades from C$14.00 to C$11.00 and set a “neutral” rating for the company in a report on Monday, May 16th. National Bank Financial lowered their price objective on Cascades to C$19.50 and set an “outperform” rating for the company in a research report on Tuesday, February 1st. Finally, Desjardins cut Cascades from a “buy” rating to a “hold” rating and cut their target price for the company from C$16.00 to C$12.50 in a research note on Tuesday, February 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cascades currently has a consensus rating of “Buy” and a consensus target price of C$15.06.

About Cascades (Get Rating)

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 manufactures containerboards, as well as converts corrugated products. The company also offers uncoated recycled paperboards for use in packaging converters and industrial users of headers and wrappers for the paper industry, as well as partitions that are used as protective packaging; honeycomb paperboards for the beer, wine, and spirits industry; laminated paperboards for food packaging and furniture backing industries; and specialty containers, structural components, and paperboard and fiber composites.

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