Cascades Inc (TSE:CAS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.97 and traded as high as $11.37. Cascades shares last traded at $11.26, with a volume of 42,717 shares.

A number of research firms recently issued reports on CAS. Raymond James increased their target price on shares of Cascades from C$14.00 to C$15.00 in a research report on Monday, August 12th. TD Securities cut shares of Cascades from a “buy” rating to a “hold” rating and set a C$13.50 price target on the stock. in a research report on Tuesday, July 16th. Royal Bank of Canada boosted their price objective on shares of Cascades from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, National Bank Financial boosted their price objective on shares of Cascades from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th.

The firm has a 50-day simple moving average of C$11.77 and a 200 day simple moving average of C$9.97. The company has a debt-to-equity ratio of 115.99, a current ratio of 1.43 and a quick ratio of 0.81. The company has a market capitalization of $1.06 billion and a PE ratio of 45.46.

Cascades (TSE:CAS) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.28 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.24 by C$0.04. The company had revenue of C$1.28 billion for the quarter, compared to analyst estimates of C$1.26 billion. Equities research analysts expect that Cascades Inc will post 1.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, September 6th were paid a $0.08 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Cascades’s previous quarterly dividend of $0.04. Cascades’s dividend payout ratio (DPR) is 64.26%.

In related news, Senior Officer Robert F. Hall sold 41,373 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$11.81, for a total transaction of C$488,615.13. Following the sale, the insider now owns 208,174 shares in the company, valued at C$2,458,534.94. Also, Director Alain Lemaire sold 80,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$11.21, for a total value of C$896,800.00. Following the sale, the director now owns 368,082 shares in the company, valued at C$4,126,199.22. Insiders have sold 231,329 shares of company stock worth $2,633,499 in the last quarter.

Cascades Company Profile (TSE:CAS)

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.

Read More: Conference Calls

Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.