Laurent Lemaire Purchases 2,660 Shares of Cascades Inc (CAS) Stock

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Cascades Inc (TSE:CAS) insider Laurent Lemaire bought 2,660 shares of the stock in a transaction on Thursday, December 6th. The shares were acquired at an average price of C$12.28 per share, with a total value of C$32,664.80.

Laurent Lemaire also recently made the following trade(s):

  • On Friday, November 16th, Laurent Lemaire bought 5,300 shares of Cascades stock. The shares were acquired at an average price of C$11.02 per share, with a total value of C$58,406.00.
  • On Wednesday, November 14th, Laurent Lemaire bought 5,000 shares of Cascades stock. The shares were acquired at an average price of C$10.83 per share, with a total value of C$54,150.00.
  • On Monday, November 12th, Laurent Lemaire bought 15,000 shares of Cascades stock. The shares were acquired at an average price of C$10.66 per share, with a total value of C$159,900.00.
  • On Friday, November 9th, Laurent Lemaire bought 73 shares of Cascades stock. The shares were acquired at an average price of C$10.90 per share, with a total value of C$795.70.
  • On Wednesday, September 12th, Laurent Lemaire bought 25 shares of Cascades stock. The shares were acquired at an average price of C$13.06 per share, with a total value of C$326.50.

Shares of CAS traded down C$0.03 during midday trading on Friday, hitting C$12.27. 172,500 shares of the stock traded hands, compared to its average volume of 217,885. Cascades Inc has a 1-year low of C$9.88 and a 1-year high of C$16.67. The company has a debt-to-equity ratio of 98.28, a current ratio of 1.53 and a quick ratio of 0.91.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, November 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.38 by C$0.01. The firm had revenue of C$1.17 billion for the quarter, compared to analyst estimates of C$1.19 billion. Analysts expect that Cascades Inc will post 1.51000005053387 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Wednesday, December 5th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, November 20th. Cascades’s dividend payout ratio (DPR) is 8.65%.

CAS has been the subject of several recent research reports. Desjardins boosted their target price on shares of Cascades from C$17.00 to C$18.00 in a research note on Friday, August 10th. Royal Bank of Canada lowered their target price on shares of Cascades from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. CIBC lowered their target price on shares of Cascades from C$16.00 to C$15.00 in a research note on Monday, October 15th. Finally, National Bank Financial lowered their target price on shares of Cascades from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$16.42.

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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.

Further Reading: What is the Consumer Price Index (CPI)?

Insider Buying and Selling by Quarter for Cascades (TSE:CAS)

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