KP Tissue (TSE:KPT) Sets New 52-Week High – Still a Buy?

Shares of KP Tissue Inc. (TSE:KPT) hit a new 52-week high during trading on Monday . The stock traded as high as C$11.86 and last traded at C$11.60, with a volume of 23551 shares traded. The stock had previously closed at C$11.75.

Wall Street Analyst Weigh In

KPT has been the subject of several research analyst reports. National Bank Financial upped their price target on shares of KP Tissue from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. TD upped their price target on shares of KP Tissue from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Desjardins upped their price target on shares of KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$11.63.

KP Tissue Price Performance

The firm’s 50-day moving average price is C$11.19 and its 200-day moving average price is C$10.61. The company has a market cap of C$116.32 million, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of -0.88 and a beta of 0.47.

KP Tissue (TSE:KPT) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

About KP Tissue

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.