KP Tissue Inc (KPT) Forecasted to Post FY2017 Earnings of $1.12 Per Share
KP Tissue Inc (TSE:KPT) – Equities researchers at National Bank Financial cut their FY2017 earnings per share (EPS) estimates for KP Tissue in a report issued on Thursday, according to Zacks Investment Research. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings per share of $1.12 for the year, down from their previous forecast of $1.22. National Bank Financial also issued estimates for KP Tissue’s FY2018 earnings at $1.37 EPS.
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Several other equities analysts have also recently commented on the stock. Scotiabank increased their price target on shares of KP Tissue from C$16.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Friday, March 10th. Desjardins increased their price target on shares of KP Tissue from C$16.00 to C$18.50 in a research report on Friday, March 10th. Finally, TD Securities reaffirmed a “hold” rating and set a C$16.00 price target on shares of KP Tissue in a research report on Friday, May 5th.
KP Tissue (TSE:KPT) remained flat at $15.10 during mid-day trading on Monday. The stock had a trading volume of 400 shares. The stock has a 50 day moving average of $15.73 and a 200 day moving average of $15.36. KP Tissue has a 52-week low of $10.94 and a 52-week high of $16.34. The stock’s market capitalization is $138.18 million.
KP Tissue Company Profile
KP Tissue Inc is a Canada-based company, created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. (KPLP). KPLP is a tissue products supplier, which produces, distributes, markets and sells bathroom and facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.
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