Overview
Cascades Inc., based in Canada, is a leading player in the manufacturing and distribution of eco-friendly packaging and tissue products primarily produced from recycled fibers. The company operates within two primary segments: Containerboard Packaging and Tissue Papers, focusing heavily on sustainability and innovation to minimize environmental impact. A key project illustrating Cascades' commitment to eco-efficient practices is the recent launch of its 100% recycled and recyclable thermoformed cardboard food tray, a first in North American markets. This innovation demonstrates Cascades' dedication to advancing environmentally responsible packaging solutions, reinforcing its position in the competitive paper and packaging industry. This strategic focus aligns with global trends towards sustainability and recyclability in packaging.
Basic Stats
The share price of Cascades Inc. as of June 7, 2024 is $6.84 / share. The market cap (or net worth) of Cascades Inc. as of September 5, 2025 is $692.60 MM.
The Factor Analysis chart (below right) shows a view of Cascades Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 692.60 MM |
| EV | |
| Shares Out. | 101.26 MM |
| Earnings Date | |
| EPS (TTM) | -0.08 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-08-21 |
| Borrow Rate | 0.31 |
| Short Shares Avail. | 0.75 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | -0.00 |
| ROE | -0.00 |
| ROIC | -0.00 |
| CROIC | 0.00 |
| OCROIC | 0.07 |
| Implied Volatility | |
| Put/Call OI Ratio |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Cascades Inc. is $7.95. The forecasts range from a low of $7.33 to a high of $9.14. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Cascades Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-20 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2023-12-14 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-11-09 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-08-08 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2023-08-07 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2023-08-04 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-08-03 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-08-03 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-08-02 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-06-12 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-06-11 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-06-05 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-06-04 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-05-15 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2023-05-14 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2023-05-12 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-05-11 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-05-11 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2023-05-10 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2023-04-17 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-04-13 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2023-02-24 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-02-23 | DESJARDINS SECURITIES | Buy | Hold | Downgrade |
| 2022-11-21 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-09-23 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-09-22 | Scotiabank Capital | Outperform | Maintains | |
| 2022-08-04 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-08-04 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-08-03 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-07-15 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-05-13 | Scotiabank Capital | Outperform | Maintains | |
| 2022-05-12 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-04-21 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-03-21 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-02-23 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-01-28 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2022-01-27 | DESJARDINS SECURITIES | Hold | Buy | Upgrade |
| 2022-01-25 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-01-05 | CIBC Capital Markets | Neutral | Maintains | |
| 2021-12-24 | RBC Royal Bank | Buy | Maintains | |
| 2021-12-24 | Scotiabank Capital | Outperform | Maintains | |
| 2021-11-12 | CIBC WM | Neutral | Maintains | |
| 2021-11-12 | CIBC WG | Neutral | Maintains | |
| 2021-11-11 | TD SECURITIES | Hold | Buy | Upgrade |
| 2021-11-10 | TD SECURITIES | Hold | Buy | Upgrade |
| 2021-10-20 | Sbank | Outperform | Initiate | |
| 2021-10-15 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
| 2021-10-15 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-10-14 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-09-24 | CIBC World Markets | Outperform | Maintains | |
| 2021-09-15 | TD Securities | Buy | Maintains | |
| 2021-08-27 | CIBC World Markets | Underperform | Maintains | |
| 2021-08-18 | CIBC World Markets | Underperform | Maintains | |
| 2021-08-05 | CIBC World Markets | Outperform | Initiate | |
| 2021-07-07 | Desjardins Securities | Hold | Buy | Upgrade |
| 2021-07-06 | Sbank | Sector Perform | Outperform | Upgrade |
| 2021-07-05 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2021-07-05 | RBC Capital | Outperform | Maintains | |
| 2021-07-04 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2021-06-14 | CIBC World Markets | Outperform | Maintains | |
| 2021-05-06 | TD SECURITIES | Hold | Hold | Maintains |
| 2021-05-05 | TD SECURITIES | Hold | Hold | Maintains |
| 2021-04-30 | RBC Capital | Outperform | Maintains | |
| 2021-03-31 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2021-03-19 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-03-03 | Sbank | 19 | 19.5 | Upgrade |
| 2021-02-12 | Sbank | 18 | 19 | Upgrade |
| 2021-01-22 | BMO Capital Markets | Outperform | Initiate | |
| 2020-11-13 | CIBC World Markets | 22 | 20 | Downgrade |
| 2020-10-26 | TD Securities | 16.5 | 17.5 | Upgrade |
| 2020-07-22 | RBC Capital | Sector Perform | Underperform | Downgrade |
| 2020-04-16 | RBC Capital | Outperform | Sector Perform | Downgrade |
| 2020-04-14 | National Bank Financial | Outperform | Sector Perform | Downgrade |
| 2019-11-12 | CIBC World Markets | 13 | 14 | Upgrade |
| 2019-11-11 | Desjardins Securities | Buy | Hold | Downgrade |
| 2019-09-16 | CIBC World Markets | 11 | 13 | Upgrade |
| 2019-08-12 | Raymond James Financial | 14 | 15 | Upgrade |
| 2019-07-16 | TD Securities | Buy | Hold | Downgrade |
| 2019-07-09 | RBC Capital | 12 | 14 | Upgrade |
| 2019-07-03 | National Bank Financial | Sector Perform | Outperform | Upgrade |
| 2019-06-12 | TD Securities | Hold | Buy | Upgrade |
| 2019-03-05 | CIBC World Markets | 11 | 10 | Downgrade |
| 2019-02-25 | CIBC World Markets | Outperform | Neutral | Downgrade |
| 2019-01-29 | Desjardins Securities | 15 | 14 | Downgrade |
| 2019-01-14 | CIBC World Markets | 12 | 11 | Downgrade |
| 2019-01-07 | TD Securities | Buy | Hold | Downgrade |
| 2018-10-15 | CIBC World Markets | 16 | 15 | Downgrade |
| 2018-08-10 | Desjardins Securities | 17 | 18 | Upgrade |
| 2018-07-14 | Desjardins Securities | 17.5 | 17 | Downgrade |
| 2018-05-11 | CIBC World Markets | 17 | 15 | Downgrade |
| 2018-05-11 | TD Securities | 18 | 16 | Downgrade |
| 2018-03-02 | Desjardins Securities | Buy | Initiate | |
| 2018-01-30 | Desjardins Securities | 15.5 | 19 | Upgrade |
| 2017-12-12 | CIBC World Markets | Neutral | Outperform | Upgrade |
| 2017-11-13 | CIBC World Markets | 18 | 14 | Downgrade |
| 2017-11-13 | Desjardins Securities | Buy | Hold | Downgrade |
| 2017-08-11 | Desjardins Securities | 17.5 | 16 | Downgrade |
| 2017-05-11 | TD Securities | Buy | Hold | Maintains |
| 2017-05-11 | Sbank | Outperform | Sector Perform | Maintains |
| 2017-04-19 | RBC Capital | Outperform | Sector Perform | Downgrade |
| 2017-04-06 | TD Securities | Buy | Maintains | |
| 2017-04-06 | Sbank | Outperform | Maintains | |
| 2017-02-16 | TD Securities | Buy | Maintains | |
| 2016-11-14 | Sbank | Outperform | Maintains | |
| 2016-11-14 | TD Securities | Buy | Maintains | |
| 2016-09-28 | Sbank | Outperform | Maintains | |
| 2016-09-26 | Desjardins Securities | Hold | Buy | Maintains |
| 2016-09-23 | RBC Capital | Outperform | Maintains | |
| 2016-09-06 | TD Securities | Buy | Maintains | |
| 2016-08-22 | CIBC World Markets | Sector Underperform | Maintains | |
| 2016-08-09 | TD Securities | Buy | Maintains | |
| 2016-08-09 | Sbank | Outperform | Maintains | |
| 2016-05-06 | TD Securities | Buy | Maintains | |
| 2016-04-15 | TD Securities | Hold | Buy | Maintains |
| 2016-03-14 | RBC Capital | Sector Perform | Maintains | |
| 2016-01-14 | TD Securities | Buy | Hold | Downgrade |
| 2016-01-06 | Dundee Securities | Buy | Maintains | |
| 2015-09-29 | National Bank Financial | Outperform | Maintains | |
| 2015-03-17 | TD Securities | Hold | Maintains | |
| 2014-10-23 | Dundee Securities | Buy | Maintains | |
| 2014-05-12 | TD Securities | Hold | Maintains | |
| 2014-04-16 | RBC Capital | Outperform | Maintains | |
| 2013-08-09 | BMO Capital Markets | Outperform | Maintains | |
| 2013-07-18 | TD Securities | Buy | Hold | Downgrade |
| 2013-04-17 | RBC Capital | Outperform | Maintains | |
| 2013-03-27 | TD Securities | Buy | Maintains | |
| 2024-08-07 | TD COWEN | Buy | Buy | Maintains |
| 2024-08-07 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2024-07-19 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2024-02-21 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
| 2024-02-21 | TD SECURITIES | Hold | Buy | Upgrade |
| 2023-12-19 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2023-12-13 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-11-08 | TD SECURITIES | Hold | Hold | Maintains |
| 2025-04-02 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2025-02-23 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-02-20 | TD COWEN | Buy | Buy | Maintains |
| 2025-02-20 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2024-12-17 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2024-11-25 | TD COWEN | Buy | Buy | Maintains |
| 2025-07-16 | TD COWEN | Buy | Hold | Downgrade |
| 2025-07-13 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-06-23 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2025-05-08 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2025-05-07 | TD COWEN | Buy | Buy | Maintains |
