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Cascades Inc (CAS-T)
142 watching
TSE:CAS
9.15
0.04
(0.44%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:00 pm
0
PAST TOP PICK
(A Top Pick Aug 11/22, Down 17%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CAS has triggered its stop at $8. To remain disciplined, we recommend covering the position at this time.
east coast forestry
$7.770
Unknown
COMMENT
There have been lower volumes and inflationary issues on the tissue side and also on the container board side. With a re-balancing of inventories it should do better. It has a very good valuation with some very good quality assets. Buy for the long term.
east coast forestry
PAST TOP PICK
(A Top Pick Dec 09/21, Down 39%) Input costs rising, delays in materials and labour. Containerboard's been doing OK. Buy at half of book value, and sell at 1.5x. Hold on, still likes. Facing inflation on logistics. Compelling valuation right now, a Buy.
east coast forestry
PAST TOP PICK
(A Top Pick Jul 20/21, Down 40%) Material costs went up, competitive tissue market. Cost pressures on containerboard. Inexpensive valuation, just under book value. A buy at these levels, if your outlook is for the next 3-5 years.
east coast forestry
TOP PICK
Stockchase Research Editor: Michael O'Reilly This North American producer of packaging and tissue products recently beat earnings estimates by 50%. It trades under book value and only 7x earnings -- good value here. Its dividend is strong and growing, backed by a payout ratio under 40% of cash flow. We recommend placing a stop-loss at $8.00, looking to achieve $13.50 -- upside potential over 38%. Yield 5.3% (Analysts’ price target is $13.31)
east coast forestry
BUY
Believes company is preforming well in tough market.
Company pairing down operations and cleaning up balance sheet.
Stock price is at attractive level.
east coast forestry
HOLD
Paper consumption is dropping, so shifting into household papers (cleaning tissues) is wise. Doesn't own it, but doesn't dislike it either. Hold, if you own this.
east coast forestry
BUY
A great recycling business. Margin compression, as they can't raise prices as input costs have increased. Cyclical. He's hoping it's close to the bottom of the cycle. Looking out 2 years, the stock could be in high teens if not $20. He's hoping for a 50% return when the cycle changes.
east coast forestry
TOP PICK
Selling under book value. Focusing on containerboard and tissue. Improved balance sheet. Attractive valuation. Good prospects. Could be some cost pressures in source materials, but these can be passed on. Good potential for a good capital gain. Yield is 3.42%. (Analysts’ price target is $19.21)
east coast forestry
TOP PICK
They just sold their European business, which was really a distraction for them. Now, they can concentrate on their North American tissue and board operations. Their current PE is very attractive, as is price-to-book. He expects tissue demand to hold, post-Covid. (Analysts’ price target is $20.00)
east coast forestry
PAST TOP PICK
(A Top Pick Apr 24/20, Up 4%) It was doing well until its recent report. Its costs are rising, so CAS is getting squeezed. He still owns it, but if the price continues to weaken, he'll sell it.
east coast forestry
BUY on WEAKNESS
Hasn't had the same price benefit compared to lumber producers. It is a different but related business. Owns it from a valuation perspective. A cyclical stock that trades below book value, 5x enterprise value, 4x price to free cashflow. Top 5% of cheapness. Price momentum has been held back. A bit stretched on debt but it is okay.
east coast forestry
PARTIAL SELL
A smaller cap name in paper and forestry. The tissue side has benefited from stay-at-home, but hotels aren't using as much tissue. The packaging business has enjoyed an increase with more packages needed for online shopping. However, this sector is cyclical, falling a lot if the market falls, though bouncing a lot if it rises. Cascades has performed quite well. Next year, supply is coming onstream in the container board business which have pressure pricing going forward. Take profits.
east coast forestry
TOP PICK
They had a bit of revenue pulled forward during COVID as everyone bought six months worth of toilet paper. It scores well on valuation and top of the pack on price momentum. The only challenge is the heavier debt load, although supported with valuation. (Analysts’ price target is $13.92)
east coast forestry
TOP PICK
They sell paper products from recycled fibers. It has a 10% free cash flow yield and attracts at .68 times enterprise value. He bought in at $12.50. Yield 2.33% (Analysts’ price target is $13.83)
east coast forestry
Cascades Inc(CAS-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 6
Cascades Inc(CAS-T) Frequently Asked Questions
What is Cascades Inc stock symbol?
Cascades Inc is a Canadian stock, trading under the symbol CAS-T on the Toronto Stock Exchange (CAS-CT). It is usually referred to as TSX:CAS or CAS-T
Is Cascades Inc a buy or a sell?
In the last year, 6 stock analysts published opinions about CAS-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cascades Inc.
Is Cascades Inc a good investment or a top pick?
Cascades Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Cascades Inc.
Why is Cascades Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Cascades Inc worth watching?
6 stock analysts on Stockchase covered Cascades Inc In the last year. It is a trending stock that is worth watching.
What is Cascades Inc stock price?
On 2023-01-27, Cascades Inc (CAS-T) stock closed at a price of $9.15.
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