Cascades (TSE:CAS) had its price target raised by analysts at Royal Bank of Canada from C$12.00 to C$14.00 in a research note issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 17.55% from the stock’s previous close.

Several other research firms have also issued reports on CAS. TD Securities increased their target price on TeraGo from C$11.50 to C$12.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. National Bank Financial raised Cascades to a “buy” rating in a research note on Wednesday, July 3rd. Finally, CIBC increased their target price on NorthWest Health Prop Real Est Inv Trust from C$11.75 to C$12.00 in a research note on Monday, May 13th.

Shares of TSE CAS traded up C$0.07 during mid-day trading on Tuesday, reaching C$11.91. 102,298 shares of the company’s stock were exchanged, compared to its average volume of 220,054. The firm has a market capitalization of $1.10 billion and a price-to-earnings ratio of 58.32. The company has a debt-to-equity ratio of 119.03, a current ratio of 1.43 and a quick ratio of 0.80. Cascades has a 52-week low of C$7.55 and a 52-week high of C$13.94. The stock’s 50-day moving average is C$10.10.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.14 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.01. The business had revenue of C$1.23 billion for the quarter, compared to analysts’ expectations of C$1.22 billion. On average, sell-side analysts forecast that Cascades will post 0.98 EPS for the current year.

Cascades Company Profile

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.

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